There are several ways to store data on the blockchain: On-chain storage: This involves storing data directly on the blockchain itself. Many blockchain platforms, such as Ethereum, allow you to store small amounts of data on the blockchain by including it in the transaction data. However, this can be expensive and is generally not recommended... Continue Reading →
NFT stands for non-fungible token. It is a type of digital asset that represents ownership of a unique item, such as a piece of art, a collectible, or a game item. NFTs are stored on a blockchain and can be bought, sold, and traded like other cryptocurrencies. They are unique because they cannot be exchanged... Continue Reading →
Blockchain technology is designed to be secure and resistant to tampering, but like any technology, it is not foolproof and can still be vulnerable to certain types of attacks. The stakes of security on the blockchain can be high because blockchains are often used to facilitate financial transactions, store sensitive data, or support critical infrastructure.... Continue Reading →
Blockchain scaling refers to the process of improving the performance and efficiency of a blockchain network in order to support a larger number of users, transactions, and applications. This is necessary because many blockchains, such as Bitcoin and Ethereum, have struggled to scale and support the increasing demand for their services. Overall, there are many... Continue Reading →
Blockchain technology first appeared in 2008. First called block chain, it was invented by an entity known as Satoshi Nakamoto as a distributed transaction ledger for the bitcoin, also invented by the same person or people. No one knows who Satoshi Nakamoto is, or even if he/she/they is a person or a group of people. The invention of the blockchain was... Continue Reading →
What do Bitcoin, whales, and Ponzi schemes have in common? Could it be that they are all part of the same mix? Is it even possible? On the surface, it looks very possible. No legally operated investment program has ever grown so explosively for so long without collapsing on itself. But wait a minute… no... Continue Reading →
By the mid-2020s, PwC expects blockchain-based systems will be leveraged by leading enterprises with the aim of reducing or eliminating categories of validations and verification friction to streamline all kinds of transactions. https://thefinancialbrand.com/65247/blockchain-bitcoin-banking-trends/?utm_content=buffera7ef4&utm_medium=social&utm_source=linkedin.com&utm_campaign=buffer
Blockchain - what is it? For those familiar with it, it might surprise you to realize how few people have even heard of it. Blockchain is an extremely promising technology in our endless search for ways to increase computing power, speed and security. By eliminating the "middle man," both security and speed are automatically increased, which by itself could be considered an incredible increase in computing power. Many startups are going this way. Banks, insurance companies, video games and more are either seriously considering it, or already using it.