Blockchain

Since its debut in 2008 and Bitcoin's introduction, blockchain technology has achieved new heights daily. It incorporates the use of a decentralized ledger for information storage. With its infiltration into industries globally, companies see more benefits that blockchain technology offers. Security and ease of transactions and record-keeping are getting better with more innovations applied to the technology. Art has been around for a long time and is depicted in many forms. The richness contained in the sector requires the preservation…

Smart contracts are useful for peer-to-peer transactions in blockchains. They are also helpful for trade finance and insurance to improve claim processing, stock taking, and record keeping.  Although these blockchain applications are useful in various industries, they may not always be safe and prone to attacks. The effects of smart contract attacks are very devastating and can cause significant losses to a project's investors. This article will address various vulnerabilities in smart contracts, how they occur, and their effects on…

The cryptocurrency network requires a robust infrastructure built on blockchain technology to enable it to run smoothly. Furthermore, users in these networks are essential in providing resources to maintain them.  Two processes are essential in maintaining cryptocurrency systems: mining and staking. The mining process requires equipment and attention to monitor. Staking, on the other hand, provides users with a chance to earn coins without the need to mine or the need for high computational power. What is Crypto Staking? Staking involves…

Sidechains have been around since 2014. They are branches of the leading blockchains and aim to strengthen the networks' effectiveness and features. Despite this, sidechains have a couple of shortcomings that make the system far from perfect.  Developers in the crypto space proposed the introduction of syncchains as a mitigation solution. However, the two seem to be quite confusing, and not many can tell them apart. Therefore, this article will shed more light on both networks for a better know-how. …

The invention of blockchain technology has led to smart contracts, which are machine-encoded self-executing contracts. The terms of the contract between the participating parties are written into code. And with the rapid growth of smart contracts, various smart contract languages have been launched in the crypto space. Digital Asset Modelling Language (DAML) is a smart contract language developed by Digital Asset Holdings (DA). It was explicitly designed for distributed ledgers to enable safe, real-time, definite, and high-level specific business environments. …

One of the best outcomes of blockchain is smart contracts, a computer protocol that facilitates, verifies, and sometimes implements a contract or negotiation. Smart contracts' exciting uses are record keeping in healthcare, real estate, property ownership, insurance, and voting systems.  Despite the preference for smart contracts, one cannot claim that it is a fully secure system. Any unexpected and unwanted elements in a smart contract can have enormous consequences. For example, a bug in a smart contract may trigger it…

"An oracle is a person or agency considered to provide wise and insightful counsel or prophetic predictions or precognition of the future, inspired by the gods" - this is the literal definition of an oracle. When moving to the software world, the word keeps much of what it used to mean, with a few tweaks here and there. Leaving aside predictions and Godly figures, Oracles are, in a strict software sense, external data feeds used by software engineers and developers to…

Decentralized applications (dApps) have significantly changed the field of blockchain tech. They are a new software application that does not undergo downtime and is not owned by any central authority.  In recent months, Dapps have made inroads in various fields like gambling, technology, education, finance, and others areas.  Ethereum (ETH) was the first blockchain that unlocked Dapp's true potential by allowing developers worldwide to create unique apps on the platform. However, many other blockchain networks joined with time, resulting in…

You might have heard about Web 3.0 and how it will revolutionize the Internet. You might have scrolled over an infographic explaining how Web 3.0 works and its mind-blowing innovations. At least, you should have seen a short video explaining how Web 3.0 will change the world as we know it forever. You miss out if you haven't done any of the above and don't know what Web 3.0 is. At this point, it is as if you didn't know…