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Online multiplayer games are shifting towards blockchain true ownership

As complex and beautifully designed games are, the only part of the entire experience which is truly owned by the gamer is the feeling of achievement. That is as close as gamers ever get to really “owning” anything in the computerized world. Online games offer avatars for sale, which gamers purchase from a computerized store as […]

Mining Cryptocurrency: Crypto Mining Business Model Used Worldwide

The most popular way to get into crypto is to start mining crypto. There are a few other ways in which you can earn crypto without spending any fiat money, but serious money is made by mining cryptocurrency. Mining cryptocurrency like Bitcoin is an automatic process, a decentralized mechanism that creates Bitcoin out of thin air […]

51 blockchain attack mechanism

Let’s give a simple example to illustrate how a 51% attack works (double spend attack): You spend 10 Bitcoin on a luxurious car. The car gets delivered a few days later, and the Bitcoins are transferred from you to the car company. By performing a 51% attack on the Bitcoin blockchain, you can now try to reverse this […]

blockchain 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 database of agreements. Blockchain serves as a bookkeeping platform or ledger that is incorruptible, enforces transparency, and bypasses […]

blockchain games

Yes, you read it right. Blockchain games are the newest thing and everything you know about games is about to change, to your favour. As Etherium is the biggest network for decentralized apps, they also are debating wheater this is the way to approach the mass adoption issue. Read more on What is the blockchain technology? […]

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 trackable and irreversible. Proponents of smart contracts claim that many kinds of contractual clauses may be made partially or fully self-executing, self-enforcing, or […]

proof of work vs proof of stake

Bitcoin and Etherium are the two most famous 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 continue to use POW, however, the Ethereum project team is working on their planned transition to the ‘proof of stake’ (PoS) algorithm. […]

distrubuted ledger technology

What is a distributed ledger technology?  (also called a shared ledger, or Distributed Ledger Technology, DLT) Ledgers, the foundation of accounting, are as ancient as writing and money. These early digital ledgers mimicked the cataloguing and accounting of the paper-based world, and it could be said that digitization has been applied more to the logistics of paper documents […]

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. Simply put, BAT (Basic Attention Token) hopes to position itself as the token of the world of digital advertising. How does BAT work and what problems does it try to solve? BAT […]

What is Cryptography?

Cryptography is a method of protecting information and communications through the use of codes so that only those for whom the information is intended can read and process it. The pre-fix “crypt” means “hidden” or “vault” and the suffix “graphy” stands for “writing.” Information security uses cryptography on several levels. The information cannot be read […]

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