In fact, this is a new initiative of the European Commission to provide a wide range of cross-border digital public services. Thus, it inevitably attracted the attention of many people around the world, especially cryptocurrency and blockchain enthusiasts. It is interesting to note that the origins of EBSI date back to 2018. During this time, … Read more
Unlike PoW which controls the extraction of the next block solely at the expense of computing power (solving a computationally resource-intensive task – the first one with the correct result wins), PoS works with a real random algorithm. Let’s look at this consensus, and its improved versions. But first let’s look at what Proof of … Read more
The summer of 2021 was marked by a paradigm shift in entering the cryptocurrency market. The explosive resurgence and recognition of cryptographic art and game Collections (NFT) has given the industry a new face, and attracted a new audience of artists, musicians, game developers, photographers and 3D artists. According to Coinmarketrate.com there were also interesting … Read more
Anyone who exchanges real values for banknotes or coins expects that their means of payment will be protected from counterfeiting, and will be unique. Otherwise, anyone can make any number of copies and, thus, quickly spoil the value of the currency. In the case of currencies issued by the state, watermarks, security stripes and holograms … Read more
The decentralized blockchain technology makes it possible to take another step towards intermodal, networked and demand-oriented mobility. Blockchain technology is considered, perhaps, the greatest technological development after the Internet. Initially, the blockchain was designed to be able to send money to peers over the Internet, without intermediaries such as banks. This was achieved thanks to … Read more
Each blockchain has to choose a mechanism that ensures that all participants agree with the truth about their data. You can think of it as a standardized way by which all the politicians in the Duma can be brought to an agreement of opinion as quickly as possible. Since politicians will probably have to discuss … Read more
When it comes to blockchain, facts and myths are sometimes far apart. But it also happens the other way around. Let’s look into this issue together. The myth of decentralization The decentralized nature of the blockchain gives the technology a special charm. According to this argument, so far no central authority can control the process … Read more
Today, the world is on the verge of total tokenization. From online games to corporate-level business tokenization solutions, everything requires an individual and careful approach. Many developers offer their products as an affordable way to solve these issues, but also many such solutions become an obstacle for business. The exorbitant cost of entering the market, … Read more
Sustainable economic models are becoming increasingly important for companies and end users. At the same time, blockchain technology is seen as the main topic of the future, although it is often associated with high energy consumption and low environmental compatibility. It is true that blockchain does not have a good reputation because of its ecological … Read more
First of all, we already know that cryptocurrencies work thanks to the blockchain: it is a registry that lists all transactions related to the project (cryptocurrency). It has been updated on thousands of computers and servers around the world. Imagine a series of blocks into which all transactions are entered. All these blocks will be … Read more
Decentralized storage methods are available in some projects listed on Coinmarketrate.com, and have clear advantages over existing cloud systems. Increased security, saving space and time. These are the databases of the future. Let’s get acquainted together with some projects that seek to offer online storage thanks to the blockchain, and let’s start with the basic … Read more
Bitcoin’s revolutionary contribution was to create a means of building trusting relationships between participants in an open, “permission-free” environment. Anyone can join the Bitcoin network and become a Bitcoin miner to compete for a reward in the BTC, and contribute to the registry by providing proof of the completed “proof of work”. However, currently many … Read more
Artificial intelligence (AI) and blockchain technologies are among the revolutionary trends in the field of IT of our time. All industries, research institutes and public organizations are doing this in order to have a good position in the future. Thanks to solutions with a distributed registry or blockchain, confidential data remains strictly confidential, and at … Read more
There are several common features in life, regardless of who we are and where we live. Perhaps one of the most important points is that we all use some form of money to purchase things that we need in everyday life. Some of us use credit cards, while others use cash. Even people who currently … Read more
In response to the shortcomings of Bitcoin, the Lightning Network was developed with the aim of increasing the speed of transactions. In addition to increasing the speed of the script, the Lightning Network is taking impressive steps to increase privacy and anonymity for users. Since its launch, it has grown by leaps and bounds, reaching … Read more