Essays on Blockchain

What exactly is Blockchain? The name blockchain has really been included in various social and business conversations in the past few years and almost everyone would seem to have heard all about blockchain technological advances, but a huge majority of the human population actually has...

So what is blockchain? It’s the underlying technology behind cryptocurrencies like Bitcoin and Ethereum, but its uses go far beyond that. It all sounds complicated, but let me try and break it down into one sentence, an important concept that you need to remember is...

Security Concerns in Blockchains Although blockchains have been applauded as effective replacements of traditional systems data storage systems, through their transparency approach, they have introduced a new variety of security risks as will be demonstrated in this section. Blockchains’ transparency is one example of these...

One of the technologies that will potentially bring the greatest impact in the next few upcoming years has arrived. It’s not the social media, it’s not robotics, nor is it A.I, but rather the underlying technology of Cryptocurrency called the blockchain. I believe that this...

History is debatable but it is believed that more than 2500 years ago, the first coins were introduced and about 1400 years back, the Chinese were the first to use paper bills (mostly in the form of privately issued bills of credit or exchange notes)....

The establishment of online shopping has really helped to ease the stress coupled with buying of goods and services, it introduced a new and easy mode of shopping which really gave users satisfaction. Of a true,the establishment of online shopping,made easy the lives of millions...

There’s no gainsaying that blockchain has made phenomenal progress since its inception in 2009. While Bitcoin initiated the concept of decentralized currency, Ethereum which sprung up in the second generation facilitated the use of smart contracts—the whole blockchain concept has imbibed into the global community...

Understanding Blockchain Technology Ever since the inception of the information era, we notice cutting edge innovations through all sectors aimed at making our day to day life easier, wherein money transactions play a major role. Although, there are numerous software applications and internet services which...

In today’s digital world, we are surrounded with big data that is forecasted to grow 40%/year into the next decade. The ironic fact is, we are drowning in data but starving for knowledge. Why? All this data creates noise which is difficult to mine –...

“The blockchain is the most consequential technology since the internet. The internet is programmable information. The blockchain is programmable scarcity.” — Balaji Srinivasan, CEO of 21.co What is Blockchain? Blockchain is a type of data structure that’s used to create a digital ledger of transactions...

Loci Nexus (locinexus.io), formerly known as the Loci Foundation, is a Limited Liability Company (LLC) that is based in Malta – the cryptocurrency capital of the world. Loci Nexus is a brand new and separate entity of Loci Inc., the software development company behind it....

A decade after the birth of the Bitcoin (BTC) protocol, there are still many unknowns around this technology and its benefits. Is the blockchain technology today what it promised it would be in its first days of existence? Since blockchain technology emerged in 2009 with...

Introduction Many enterprises have been having issues incorporating their operations into the blockbuster or the other way round. They often get confused when they need to hire developers to build their own block-chain app which developers do find uneasy due to complexities involved to have...

Starting late, web business focuses have transformed into an ideal virtual space for merchants and customers to do trades for stock and undertakings. For broad associations, the electronic street numbers the issue to fight simply more reasonably with their opponents, while little and medium associations...

Overview Since the advent of the digitalized-system in 2009, starting with Satoshi-innovation, the ledger-world has experienced quite a huge increase that cannot be overemphasized. And today, we can account for several ventures that have emerged in the name of the block-chain system. However, we cannot...

One of the advantages of blockchain technology is the opportunity to put a digital tag onto objects and document allowing to track movements either physically or online. This feature opens huge possibilities in the joint work of blockchain and law, one of them being the...

Introduction The nееd fоr humаnѕ tо interact actively wіth еасh оthеr іn аn еffесtіvе аnd fаѕt manner is one of the mаjоr асhіеvеmеntѕ оf thе internet. The орtіоn of thе mаnnеr оf the соmmunісаtіоn іѕ a nеw fасtоr іntrоduсеd bу the dіgіtаl revolution. Wіth thіѕ...

Electroneum has been making a big impact in the payment market and has seen the coin gain a lot of attention and attraction and the price growth has been steady in a relatively bearish crypto space. The coin has jumped to become 63rd of the...

The main use case that is focused on when looking at the possibilities of blockchain for banking is that of payments. Blockchain could be used as “another way of paying each other, not depending on SWIFT and other payment schemes.” There is a potential role...