Blockchain

Recently, Binance and WazirX joined forces to set up a $50 million token fund to encourage the growth of Indian startups. The announcement noted that Binance’s native tokens, BNB, BUSD, and WazirX’s WRX token are backing the fund.  The fund is known as Blockchain for India and will make investments in equity and tokens, ranging from $100,000 to $5 million. It will also provide mentorship and support to universities and student organizations, interested in establishing university blockchain technology incubators. The…

In every democratic nation, elections constitute a crucial democratic process, and therefore, its security is a matter of national security. With elections playing a crucial role in a country's future and citizens' lives, governments must employ efficient electoral systems that achieve a free, fair, and non-fraudulent representative election. Different nations worldwide employ different election mechanisms, including secret ballot-based voting, purely electronic methods, and electronic voting machines.  Nonetheless, more often than not, elections employing these mechanisms are often disputed due to…

“Don’t get in, it’s a scam”    “You’ll lose a lot of money”    “The market is too complex” These are just some of the comments people get daily when discussing the cryptocurrency market. People worldwide consider the crypto space a money-losing machine, something too complex to understand. If you want to lose money, there are thousands of other ways than just the crypto market. But if you can understand the technology, why it is essential, and what the future can…

The Advent of Distributed Technology In this day and age, the advent of distributed technologies like Blockchain has thoroughly shaken the world. Not just the Finance sector, but other areas such as Property, Advertising, and Governance, among others, are expected to be affected. By promising to remove intermediaries, Blockchain has set off to change the Global Infrastructure as we know it. For now, we use blockchain technology to store and share information across a network of users in an open…

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,…

Cryptocurrency is a digital currency managed by using one of the most advanced encryption techniques called cryptography. Bitcoin (BTC) is the first-ever cryptocurrency that came into existence in 2009 but captured the public's attention in 2013. Cryptocurrency has several merits over conventional currency technology - they have a massive potential for returns, fraud-proof, no identity theft, fast processing, and lower transaction fees. Despite these advantages, most governments are against the use of cryptocurrencies. In this article, I will discuss some…

The Inherent Transparency of Blockchains Blockchain is an immutable, distributed, decentralized, and secure digital ledger. As this digital information is accessible to anyone on the Internet, it becomes transparent and incorruptible. In a blockchain, once a transaction is validated through a consensus process, it is also committed to all network ledgers. These ledgers are distributed databases that store the information recorded from a transaction. Transparency is inherent in a Blockchain network. It is easy to misunderstand what transparency means on…

According to a local news report, two Italian high schools will start offering diplomas on Ethereum’s blockchain public technology. The digital diplomas will be easily shareable and unchangeable. The two institutions to offer digital diplomas are the International high schools of Villa Flaminia, in Rome, and the Institute of Higher Education “M. Ciliberto- A. Lucifero”, in Crotone. The first institution will depend on the EY company’s blockchain-based system, while the latter partnered with Blockchain Italia. How the Proposal is Beneficial…

Turing completeness is the ability of any system to stimulate other Turing complete machines. Simply put, a stimulation, when configured with specific instructions, could function on its own without outside/external interference. Qixcoin was the first cryptocurrency to feature in its source code a Turing complete mechanism. The mechanism allowed for the continuous embedding of verification that could function without third-party arbitration. It didn't take long for this innovation to pick up. Vitalik Buterin described a derivative of this mechanism that…