Blockchain, the distributed ledger that eliminates any need for a central authority, has been gaining momentum since the last year. From being a technology that backed a cryptocurrency to becoming mainstream for a secure and robust recording of transactions, Blockchain has come a long way. Blockchain technology is changing all aspects of doing a digital business. Another … [Read more...] about Blockchain and the Internet of Things: A Winning Combination
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.
Long-Term Blockchain Stability in a Speculator’s Market
Back when Bitcoin was first launched, it was met with a wide range of reactions. Some were hopeful for the future of cryptocurrencies and the potential for future development in blockchain technology, assuming the digital currency spurred enough interest to drive more eyes and development dollars to various projects. At the opposite end of the spectrum were those initially … [Read more...] about Long-Term Blockchain Stability in a Speculator’s Market
Why the Current Crash in the Crypto Market is Good for Cryptocurrencies
On October 8, 2017, the total market cap of the cryptocurrency market was $148 billion. Three months later, on January 8, 2018, the market cap reached its highest point of $ 813 billion. A staggering increase of 449% in just three months. However, one month later, as of February 6, 2018, the market cap dropped to $308 billion, a drop of 62% in just one month. It is clear that … [Read more...] about Why the Current Crash in the Crypto Market is Good for Cryptocurrencies
5 Myths about The World’s Most Favourite Cryptocurrencies Today
When you hear the words cryptocurrency or blockchain chances are the first thing that comes to mind is Bitcoin. Bitcoin is actually one of well over 1500 different cryptocurrencies in the marketplace. It is also the most popular and the oldest one available. All other cryptocurrencies owe their existence to Bitcoin and the blockchain technology that was developed along with it. … [Read more...] about 5 Myths about The World’s Most Favourite Cryptocurrencies Today
5 Predictions on the Future of AR
There's no question that Augmented Reality (AR) technology “ in the form of glasses, headsets, and connected software “ has made rapid advances in recent years. In fact, AR is predicted by some to be the next trillion dollar industry due to the way it could potentially change the way we live, work, and play. And if the past few years is any indication, the way AR headsets and … [Read more...] about 5 Predictions on the Future of AR
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.