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’s the Difference Between Bitcoin and Ethereum?
The blockchain technology has been in involved in the most important news worldwide for the last 2 years. Even if some people haven't heard of digital currencies or cryptocurrency yet, they sure have heard of Bitcoin. Not so many of them have heard...
What is a Cryptocurrency Exchange?
What does Cryptocurrency Exchange mean? A cryptocurrency exchange is any system that operates on the basis of trading cryptocurrencies with other assets. Like a traditional financial exchange, the cryptocurrency exchange's core operation is to...
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 cryptocurrency and why do we need it?
A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies are a kind...
What is VeChain?
What is VeChain? According to their official website: VeChain aims to connect blockchain technology to the real world by providing a comprehensive governance structure, a robust economic model as well as advanced IoT integration, and pioneers in...
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