Before September 2020, Polkadot was virtually unknown to the ordinary investors. By November 2020, it had a market cap of $5 billion. It has become the biggest conversation in blockchain technology. There are several good reasons for the massive interest in this blockchain. Top of these reasons is that it holds great promise in the push towards decentralised apps, including … [Read more...] about Why Polkadot Will be a Catalyst for Decentralised Apps
Blockchain
The future of money may be blockchain. This technology is quickly changing the way we do business, and it has huge implications for organisations. Here's everything you need to know about blockchain technology.
A look at how blockchain technology is taking over the world by storm
As blockchain technology increases and industries are beginning to see the wider effect of it, more and more consumers are becoming interested in the technology. This has probed many tech giants to combine blockchain technology into our everyday devices, and has now birthed many new ways of working. (US blockchain technology market size. Source: Grand View Research) With … [Read more...] about A look at how blockchain technology is taking over the world by storm
Can Blockchain Technology Reduce Ocean Pollution?
Blockchain technology is best known for its crucial role in supporting bitcoin, the world's most popular cryptocurrency. In fact, the bitcoin system was what the blockchain was originally built for. But over the years, leaders in many different industries have realized that the potential for this technology extends far beyond the scope of digital currency. Today, blockchain … [Read more...] about Can Blockchain Technology Reduce Ocean Pollution?
Emerging Trends In Crypto Could Set the Scene for 2021
Perhaps it was inevitable, but the crypto's defining trend of 2020 appears to be subsiding. While not quite dead, the numbers indicate that the DeFi markets are starting to cool off. After reaching a peak of $12.5 billion total value locked towards the end of October, investment has tapered off towards $10 billion over recent weeks. Furthermore, according to Dune Analytics, DEX … [Read more...] about Emerging Trends In Crypto Could Set the Scene for 2021
A look into the rise of private decentralised, blockchain-based cellular networks
The price of freedom in 21st Century communications is steadily rising. As technology becomes more intuitive, so too does the tools at the disposal of both hackers and prying eyes dead set on attaining your personal data. As years go, we tend to keep more and more personal information on out phones, including personal finances, IDs, addresses and passwords. Although we are led … [Read more...] about A look into the rise of private decentralised, blockchain-based cellular networks
What is blockchain?
Blockchain is a type of distributed ledger, or a growing list of records, called blocks, linked together using cryptography. Each block contains a timestamp and a link to the previous block. Blockchain is often used to verify and oversee transactions, such as real estate or cryptocurrency purchases or diamond trades.
Beyond this, however, blockchain technology has the potential to revolutionize many industries, but it’s still in its early stages of development. Today, blockchain technology is also used to create new applications, such as contracts and supply chain management systems.
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How does blockchain work?
At its most basic, a blockchain is a digital ledger of transactions. When someone wants to make a transaction, they broadcast it to the network, and the computers in the network verify it. Once verified, it is added to the blockchain as a block. Blocks are chained together, forming the blockchain.
This chain is distributed across the network, so everyone has a copy. Transactions are secure because the network verifies them before they are added to the blockchain. And because everyone has a copy of the blockchain, it is tough to fraudulently add or remove blocks from the chain.
Who owns blockchain?
No single entity controls the technology. Instead, blockchain is maintained by a network of computers all over the world. However, we can trace the origins of blockchain back to a single person: Satoshi Nakamoto. Nakamoto is the pseudonym used by the person or team who created the first-ever cryptocurrency, Bitcoin.
Why is blockchain important?
Blockchain is important because it is secure and tamper-proof. Transactions recorded on the blockchain cannot be changed or deleted, making it an ideal way to track financial transactions. In addition, blockchain is transparent – anyone can view the transaction history of any given address.
This transparency helps to ensure that all transactions are legitimate and that no one is trying to cheat the system. Finally, blockchain is decentralized, which means that no one person or organization controls it. This makes it resistant to manipulation and creates a level playing field for all users.
What companies use blockchain?
From start-ups to Fortune 500 firms, many businesses are incorporating blockchain into their day-to-day operations. In doing so, they are improving efficiency and transparency and opening up new opportunities for innovation.
How is the blockchain changing money and business?
A blockchain is a powerful tool because it is distributed across a network of computers, making it virtually impossible to tamper with. This makes it an ideal tool for tracking sensitive information. For example, many banks are now experimenting with using blockchain to settle international payments, which can significantly reduce transaction times and costs.
Blockchain is also being used to create an immutable record of digital assets, such as copyrights and votes. As technology continues to develop, there are endless possibilities for how it can be used to change the way we do business.