Blockchain technology used in non-cryptocurrency applications
Blockchain is best known for being the technology behind cryptocurrencies like Bitcoin and Ether (the currency of Ethereum), but blockchain is much more than an instrument of finance. What is the blockchain technology? Basically, it’s an encrypted...
Learn how to earn free cryptocurrency (without investing or mining)
Yes, you can earn free cryptocurrency and the list of services offering free cryptocurrency is growing. Currently, the most popular way for people to get hold of a cryptocurrency (aka electronic money) is to buy it on an exchange with fiat...
What is a smart contract in the Ethereum blockchain?
A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. Smart contracts allow the performance of credible transactions without third parties. These transactions are...
What is “Proof of Work” and “Proof of Stake”?
Bitcoin and Etherium are the two most renowned cryptocurrencies and the hottest examples of blockchain technology in use. Both use the ‘proof of work’ (POW) consensus algorithm. Information currently available indicates that Bitcoin will still...
What is a distributed ledger technology (DLT)?
What is a distributed ledger technology? (also called a shared ledger, or Distributed Ledger Technology, DLT) Ledgers, the basis of bookkeeping, are as historical as money and writing. These ancient digital ledgers mimicked the cataloguing and...
What Is the Basic Attention Token (BAT)?
With an ever-increasing struggle for internet users' attention, more groups are considering innovative ways of using marketing for the benefit of the consumer. BAT (Basic Attention Token) hopes to position itself as the token of the world of...
What is Cryptography?
Cryptography is a system of protecting data and communications through the use of codes that only individuals for whom the data is meant can read and procedure. The pre-fix "crypt" means "hidden" or "vault" and the suffix "graphy" stands for...
What is the blockchain technology?
The blockchain technology is the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain?...
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