“The world is gradually waking up to the fact that every form of money that exists at the moment, except blockchain-based Bitcoin and other altcoins, can be manipulated and weaponized.” – Olawale Daniel After the great recession of 2008, Bitcoin established its reputation at the top well before any other types of coins in the …
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What is Crypto Metaverse? With Mark Zuckerberg’s Facebook having been renamed Meta, the Metaverse is a concept even those not in the know about the crypto verse are now taking notice of. On the topic of what is metaverse cryptocurrency, here’s how Meta defines it: “The metaverse is the next evolution in social connection and …
Introduction All the systems and processes require appropriate infrastructure to function. For instance, trains run on railway tracks but require stations, yards, and other infrastructural facilities to function. This infrastructure can be in the form of an underlying framework and resources such as blockchain infrastructure used to deploy blockchain technology in existing and new processes …
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What is proof of work in blockchain? PoW is a consensus algorithm that helps in the verification and addition of blocks to a blockchain. It is most popularly in use on the Bitcoin blockchain, where miners compete to add new blocks to the chain and earn rewards. So in layman’s terms, the answer to ‘what …
Can the Blockchain Be Hacked? Blockchain technology has taken over the world since its conception in 2009. It is now being used outside of cryptocurrencies as a foundational mechanism in different industries and sectors for multiple use cases. This begs the ultimate question of security: can blockchain be hacked? It is commonly known as an …
If you’re wondering “What is cloud mining and what are the advantages of cloud mining?”, you’ve landed at the right spot. Cloud mining is a new and innovative way for individuals and companies to mine for cryptocurrencies without the need to invest in expensive equipment or maintain a physical mining setup. Instead, cloud mining services …
With the Ethereum Merge poised to happen in September 2022, everyone in the crypto space and their mother should be aware of the term ‘Proof of Stake’ by now, even if they had somehow missed hearing of it before. Proof of Stake in blockchain is a consensus mechanism– one that will run Ethereum once The …
What is Proof-of-Stake in Blockchain? A Complete Guide Read More »
While there may have been ample times when you must have come across the word blockchain technology, did you ever wonder what is blockchain technology and what are its utilities?’ Besides being just a buzzword, blockchain technology has become a transformative force not only in the fintech sector but also in multiple other sectors that …
What are Blockchain Nodes? What is a blockchain node, you ask? Blockchain nodes are essential components of a blockchain network. They are a computer or a device that is connected to the network and participates in the verification and validation of transactions. Essentially, nodes help to ensure that the blockchain is a secure and reliable …
What is Blockchain Technology? The Internet has allowed people and businesses to collaborate in new ways via networks and communities, where individuals build, self-govern, and flourish. By facilitating a decentralized and transparent collaboration and value exchange within such setups, blockchain technology is writing a new chapter in the history of the internet. However, what precisely …
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