Blockchain

The “Layers” of a Platform Say you want to build a 100-story tall building. You want it to be the tallest it can be and, at the same time, be able to support the weight all the way through. To ensure that the building is sturdy, you start with getting suitable materials, building a solid base from a few stories below the ground, stabilizing the base, and carrying on with the construction. In software and technology, the analogy holds just…

We usually get puzzled and confused looks from newcomers to the cryptosphere when we talk about a centralized party looking into "Blockchain Technology." Or when a consortium of banks tries to find the best solutions using blockchain to stay in the game. Assuming most newcomers count bitcoin as their gateway to cryptocurrencies, they are exposed to a lot of fancies and disruptive words like "decentralized," "open-source," "trustless," etc. The people who stay are swayed away by the hopes and dreams,…

Blockchain is one of the most exciting technological developments over the last century. The rapid evolution of decentralized computing systems and hacker-proof ledgers has led to blockchain technology adoption in several companies and industries.  Formerly, traditional sectors like finance and healthcare have opened their doors to utilizing this ledger technology in their systems. As a known catalyst of change, blockchain has revolutionized the speed of transactions and trust in the system. However, does it stand a chance in the education…

Cryptocurrency talk can get confusing with its distinct and seemingly similar terms being interchanged continuously. As a result, cryptocurrency faced a significant challenge trying to take off and have the world embrace it upon its debut. To a large extent, most people had inadequate knowledge about it and thought of it as another pyramid scheme ready to rip them off.  To understand cryptocurrencies, it is better to grasp blockchains' mechanics - the underlying technology that runs digital currencies. Blockchain 101…

As the crypto market continues to reach new heights, it's more than just investors interested in the power of blockchain technology. Governments and critical financial institutions recognize the benefits of cryptocurrencies, such as higher efficiency and streamlined payments. As such, Central Bank digital currencies (CBDCs) have started to emerge across the globe. A recent survey revealed that around 10% of central banks are on the verge of issuing some form of centralized cryptocurrencies. Unlike cryptocurrencies designed to provide a reliable…

Decentralized applications, commonly known as DApps, refer to computer/mobile applications that run over a public blockchain, such as Ethereum, Bitcoin, etc., or cryptographic technologies. A DApp must be open source so the application's source code is available to all users. The apps also offer incentives, usually digital assets such as crypto tokens.   Crypto enthusiasts agree that DApps are quickly taking over blockchain technology by storm. The applications will change how we view software models ultimately. Although Bitcoin introduced the world…

As a malleable concept, the definition of an 'organization' has been redefined, altered, and modified based on the roles it has come to play. The concept has gone through an evolution of functionality. The definition of an Organization evolves as humans need change. Although it is affected by human needs evolution, every organization needs an infrastructure, a base to develop. Its decision-making process can characterize the Infrastructure of a particular organization. A 'traditional' organization is known to be built on…

With the advent of Proof-of-Stake currencies, many connected services have emerged. Furthermore, innovation in the Proof-of-Stake consensus algorithm increases the number of platforms that help the average investor, developers, and enthusiasts make the most out of their crypto investments without the hassles of complexity and technical difficulties. Staking Services Staking Pools A Staking Pool is formed when several coin holders merge their resources to increase the chances of validating blocks and receiving rewards. They combine their staking power and share the…

In its simplest sense, an Atomic Swap is a mechanism that uses smart contract technology to enable the exchange of one cryptocurrency for another without using centralized intermediaries, such as exchanges. Atomic swaps are a technique that allows the quick exchange of two different cryptocurrencies running on distinct blockchain networks. Such a process (also known as atomic cross-chain trading) is based on smart contracts. It allows users to trade their coins directly from their crypto wallets. Before discussing an Atomic Swap, let…