Is Blockchain the new backbone of the Internet?

Blockchain technology is a data infrastructure that is currently the backbone of a new type of internet that is attracting the online business community. Blockchain is an encrypted and decentralized book that is programmed to record all financial and digital transactions that have value. bitcoin news This platform uses Bitcoin, a decentralized peer-to-peer system that …

A brief introduction to the blockchain – for normal people

Crypto-what? If you’ve tried to dive into this mysterious thing called a blockchain, you’ll be forgiven for backing away in horror at the sheer opacity of the technical jargon often used to frame it. So before we get into what cryptocurrency is and how blockchain technology can change the world, let’s talk about what blockchain …

Tips to consider when looking for a Blockchain application development company

Blockchain … It has become ubiquitous: left, right and center – we hear about this technology everywhere. But it has gained importance by merit: no one can cast doubt on the multifunctional performance, dexterity, and flexibility of the blockchain. Today, many blockchain application development companies come forward with their services and there are certainly a …

Blockchain for IoT in business

A new horizon in the data exchange framework Blockchain is a shared distributed database for peer-to-peer transactions. At the core of this technology is bitcoin – a digitally encrypted wallet for controlling transactions and payment systems that was introduced in 2009. This transaction management system is decentralized and mostly works without intermediaries. These transactions are …

Blockchain: open source money

“Blockchains are simply distributed engines for processing transactions. The technology allows data to be stored in various different places while monitoring the relationship between different sides of that data. Most people who try to explain blockchains like to compare them to a general ledger. Whenever someone makes a transaction, like change currency or adding a …

The main characteristics of Blockchain

Blockchain was originally created to be a decentralized book of Bitcoin transactions that take place within the Bitcoin network. A decentralized or distributed database / book basically means that the storage devices where the books are located are not connected to a common processor. The blockchain contains an increasing list of block transactions. Each block …

Are you planning to trade Monero cryptocurrency? Here’s the basics to get you started

One of the basic regulations of blockchain technology is to provide users with unwavering privacy. Bitcoin as the first ever decentralized cryptocurrency relied on this premise to market to a wider audience that then needed a virtual currency without government interference. Unfortunately, Bitcoin has proven to be fraught with several weaknesses along the way, including …

How Blockchain can fight blood diamonds

One of my biggest desires for Africa is to start aggressively solving our own problems using emerging technology. I firmly believe that the next generation of problem solutions and innovative thinkers are well equipped to implement custom solutions on the continent. Ideally, these solutions would stop the cycle of poverty and corruption. When it comes …

The future of blockchain technology in the insurance industry – Blockchainerz

What is insurance? Insurance is a method of protection against loss of money. It is a type of risk management, which is mainly used to provide support from the danger of an unexpected accident. The insured may report the accident or claim to the broker and provide it with the necessary information to the insurance …