Whether it's Bitcoin, Ethereum, or a slew of industry peer competitors in between, the main appeal of cryptocurrency is that it's unregulated by the government or central banking system. On the one hand, that makes it highly attractive, as it's less affected by the ebb and flow of the economy and transactions can be made quicker. On the other, it raises a security and … [Read more...] about What Digital Asset Investors Can Learn from the Recent Coincheck Hack
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.
What Telegram’s Upcoming ICO Could Mean for the Crypto World
A few weeks ago, the Telegram white paper leaked. The white paper discusses Telegram's plans to build a decentralised ecosystem, launch a variety of Blockchain services and, of course, the Telegram Open Network (TON) comes with their own cryptocurrency called Gram. There are various rumours that Telegram is looking to raise at least $500 million in a pre-ICO sale and another … [Read more...] about What Telegram’s Upcoming ICO Could Mean for the Crypto World
How to Disrupt Digital Advertising Through Blockchain?
This article is sponsored by Pingvalue How one open platform plans to transform the digital advertising market with its own cryptocurrency Meet blockchain “ the fintech newcomer that has taken the world by storm, redefining how businesses, governments, organizations and individuals interact. This decentralized ledger technology eliminates expensive third parties by providing an … [Read more...] about How to Disrupt Digital Advertising Through Blockchain?
How Blockchain Could Create a Decentralised Reputation-Based Society
In the past, when you required some work done, you would ask a local craftsman to do so. You were confident that you could trust the craftsman as it was a small village and any betrayal by him or her would result in loss of business. On the other hand, the craftsman knew he/she could trust you as when you would betray the craftsman it would mean that no one in the village … [Read more...] about How Blockchain Could Create a Decentralised Reputation-Based Society
Why Banning Bitcoin and other Cryptocurrencies is Not the Solution
Many government bodies, regulators, investors and banks see Bitcoin, or even the whole cryptocurrency market, as a speculative bubble. Some say it is a fraud, while others speculate that it will continue to rise in 2018. Earlier, I wrote an article why I believe that Bitcoin will fail. Not because it is a fraud, but because it is flawed. Despite my belief that Bitcoin will … [Read more...] about Why Banning Bitcoin and other Cryptocurrencies is Not the Solution
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.