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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 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 continue to utilize POW, but the Ethereum project group is working in their projected transition into the’evidence of bet’ (PoS) […]

distrubuted ledger technology

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 bookkeeping of this paper-based planet, and it might be stated that digitization was implemented more into the logistics of paper files instead […]

basic attention token

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 digital advertising. How does BAT work and what problems does it try to solve? BAT promises to […]

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 “writing.” Information security employs cryptography on several degrees. Cryptography also assists in non-repudiation. Cryptography can also […]

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 real world applications. The vision is stated in the Vechain whitepaper: Building a trust-free and distributed business ecosystem […]

What is Zcash?

What is Zcash? As the official Zcash website states: Zcash is a privacy-protecting, digital currency built on strong science. As the necessity for solitude enhanced as big data became easily accessible, cryptocurrency users started searching other digital monies that may fill the privacy gap which Bitcoin might not. Digital monies like Dash and Monero provide […]

what is tezos

What is Tezos? According to Tezos official website: Tezos is a new platform for smart contracts and decentralized applications. Tezos’ is a blockchain project that aims to offer “the world’s first ‘self-amending’ cryptocurrency”. Its 2017 first coin offering increased $232 million, which has been the biggest for this kind of offering to this date. The project experienced a control […]

what is NEM?

What is NEM? According to the NEM website: Blockchain technology offers a fundamentally streamlined method of maintaining a secure ledger of transactions compared to a traditional database. The NEM vision is stated from the beginning of their whitepaper, which is referred to as a Technical reference. NEM is a movement that aims to empower individuals by creating […]

What is Ethereum Classic ETC

What is Etherium Classic? According to the Etherium Classic website: Ethereum Classic (ETC) is a smarter blockchain, it is a network, a community, and a cryptocurrency that takes digital assets further. In addition to allowing people to send value to each other, ETC allows for complex contracts that operate autonomously and cannot be modified or […]