Blockchain

Blockchain and cryptocurrencies became famous in 2008 with Satoshi's whitepaper on Bitcoin. Since then, there have been numerous debates over the two terms. One of the most sought-after answers is which of the two is better. Is it blockchain or cryptocurrencies? Notably, the blockchain is more instrumental in any industry than cryptocurrencies. That's primarily based on the fact that the blockchain is the underlying technology behind cryptocurrencies. However, despite being engineered on the blockchain, cryptocurrency's dominance in the fintech industry…

A Hash is a central concept in all modern communication, storage, and security. Some might even call Hashing the backbone of the internet. But when we say hash, what do we mean? Is it simply something to do with random numbers? Are numbers that important? This introduction may seem challenging, but the concept is not difficult. Of course, we will not enter into the details of the algorithm's functioning, but we will describe it in essence and see what a…

Blockchain technology is the underlying tech that introduced cryptocurrencies. The technology, yet so young, has immensely transformed the fintech industry, making it possible for persons to transfer value across the globe without any geographical or third-party limitations. The technology enhances the transparency of transactions not only for the grantee but also for the beneficiary. However, while most people are familiar with Blockchain technology, few understand the two types of transactions necessitated on the blockchain, On-chain, and Off-chain transactions. These two…

The advent of a decentralized, distributed, and self-fulfilling platform, i.e., blockchain, has revolutionized how we exchange value and information with each other for good. In many ways, blockchain will help us move away from the world with central regulatory bodies needed for brokering trust and towards a decentralized trust-less ecosystem. A world where technology shoulders the responsibility of federating trust. The belief is that Satoshi Nakamoto, the anonymous inventor(s) of Bitcoin and Blockchain technology, wouldn't have imagined that their novel…

There is usually a symbiotic relationship between the adult entertainment industry and changes in technology. For example, the adult entertainment industry exploded with the World Wide Web invention in 1990 by computer scientist Tim Berners-Lee. The adult entertainment industry prides itself on being technology conscious and is usually at the forefront of adopting and popularizing emerging technology. This has been historically witnessed in the early adoption and popularization of VHS tapes and internet payment systems. And with the immense growth…

A traditional contract, still universally used to date, is a written document that frameworks cooperation. It includes the terms and conditions of a partnership or service agreement. Contracts are traditionally written in a perceivable and understandable language to the humans who make them. The contracts include all the clauses, by-laws, and other essential elements that eventually make them unfalsifiable. But with the advent of the internet and other connective technologies, the paradigm of human readability and perception has transcended to…

Blockchain technology has been around for more than a decade now. This Innovative technology has been the underlying force for many developments, including cryptocurrencies. Recently, experts in the tech field have been looking for ways to incorporate blockchain in different industries. As a result, there have been several groundbreaking inventions, and crypto phones are the latest additions.  Crypto phones only recently came into the crypto space. However, several handsets with significant-tech players are already joining the recent craze. So, what…

Know Your Customer (aka KYC) is the regulatory and compliance obligation for the conventional banking and financial system to capture customer information before onboarding and providing any financial services. In banks, KYC is embedded into the account opening forms, which mandate customers to provide accurate information and ideally update as soon as any change occurs in the KYC data. Similarly, other financial institutions, such as Stocks, Mutual Funds, Insurance companies, etc., also require KYC information from their prospective customers. Primarily…

Since the introduction of blockchain, technology has disrupted various sectors and industries. With blockchain having some commendable success in supply chain management, health care, and others, experts seem keen to explore other areas where innovation could come in handy.  One such area is domain name registration. Although the internet has been evolving, web hosting and domain registration haven't changed for years. However, software companies now want to change the industry using blockchain domains.  Blockchain domains are still a new concept. However,…