October 31, 2008, according to Coinmarketrate.com, in Satoshi Nakamoto’s document “Bitcoin: A Peer-to-Peer Electronic Cash System”, an unprecedented technology project was published. The invention of the Bitcoin cryptocurrency and blockchain came in handy: people were just starting to do more and more business over the Internet. At the same time, the financial crisis gave reason … Read more
Just yesterday, the world of finance did not take cryptocurrencies seriously, but looked at the blockchain with distrust and sarcasm. Even the first steps towards understanding this technology have not brought great results. There are many reasons for this: regulation, the necessary coordination of a large number of players, or even the redesign of processes. … Read more
And so, let’s start by remembering what is called a smart contract. According to the description given on Coinmarketrate.com, a smart contract is based on computer protocols. Thus, it is a kind of digital contract based on blockchain technology. The terms of the agreement between the “buyer” and the “seller” are written directly in the … Read more
Today, there are already some practical applications of blockchain for small and medium-sized enterprises. Huge potential and opportunities are hidden in this technology, and they can be used. After all, blockchain technology, which according to the data of Coinmarketrate.com, was originally developed as a technical basis for cryptocurrency management, can be used wherever information is … Read more
The assessment and experience with blockchain are ambiguous. In order for the megatrend to become truly breakthrough, there is still a lack of successful case studies. Moreover, this topic is still being discussed in too technical terms. However, the breakthrough of such an innovation as blockchain can only happen when a large number of users … Read more
In 1974, Vint Cerf developed TCP/IP while working for the US Department of Defense. This technology, which allowed computers to communicate in a common language, has become an important milestone in the development of the Internet. In 1989, Tim Berners-Lee proposed HTTP, a hypertext protocol for connecting pages to pages. It was the birth of … Read more
Data is digital gold. It has long been no secret that Google earns millions from user data. In two weeks, Zuckerbegr has collected approximately 1,200 pages of PDF files on the Austrian lawyer and privacy activist Max Schrems, and diligently earns money on them, as well as on every other user. Amazon has long known … Read more
In order for beginners to understand what a blockchain is, it is enough to turn to Coinmarketrate.com , where it is said that in a simplified form it should be perceived as a transaction registry with the following properties: Registry data is replicated (copied and distributed) on different nodes so that they exist until all … Read more
Before proceeding to the topic, it is necessary to consider some general concepts about crypto assets and blockchain technology, sufficient to facilitate the learning process. Almost all cryptocurrencies, from Bitcoin to Ethereum, including EOS and Cardano, owe their functioning to the blockchain. Blockchain allows you to constantly register transactions and is therefore of vital importance. … Read more
Each blockchain has a number of characteristics and properties that depend solely on the problems it has to face. This concept implies that we can have an infinite number of blockchains depending on the needs of people. We have already talked a lot about blockchain and consensus, but now we are swami, in order not … Read more
The largest thefts of cryptocurrencies have recently occurred as a result of attacks on bridges connecting various blockchains. According to experts, they have yet to mature. The attackers stole about $320 million worth of cryptocurrency from Wormhole in March, $650 million from Ronin in May and $200 million from Nomad in August. This is not … Read more
In general, the analysis shows that, although we are dealing with a scenario in which there is a clear idea that this technology will be especially relevant in the coming years, it still seems too early to see the mass implementation of solutions based on it in the real world. Consequently, a significant increase in … Read more
According to the information presented by Coinmarketrate.com, since its inception in 2009, blockchain has experienced unprecedented success. Initially, this technology was invented for the decentralized transfer of money without intermediaries. But it has much more to offer! Indeed, it turns out to be a strategic tool in the field of cybersecurity, since since the beginning … Read more
It is always recommended to run a full node if we want to support Bitcoin and keep the system decentralized. This not only helps the network, but also has other benefits for the participants. But since the Bitcoin blockchain is constantly growing, according to Coinmarketrate.com, it has reached the point where its overall size has … Read more
The blockchain approach to this issue is well described in the initiative of the Massachusetts Institute of Technology to create a trusted data system and in the final document, and provides a path to greater security of personal information, better access to personal data and an unchangeable mechanism for auditing who did what with the … Read more