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Showing posts from March, 2020

The Impact of Blockchain Technology in Future

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Blockchain Blockchain, the most talked business right now and creating more and more opportunities across industries. In the context of Blockchain,  "Trust"  could mean everything. Blockchain technology is a public distributed ledger with no central authority, the global network of computers jointly manages the database. Cryptocurrencies use permissionless blockchain, while business blockchains tend to be permissioned. Here the blockchain uses Consensus Mechanism like  Proof-of-work and proof-of-stack  to ensure the information in the database is always correct and secure. Blockchain is categorized into two: 1. Permissioned Blockchain (require permission to add in a group or community) 2. Permissionless Blockchain (anyone can join here) Though some of the world's leading companies develop blockchain applications. It is still in the nascent stage. The truth is that no one really knows how to actually design a blockchain interface. But still, blockchain is

Hyperledger Burrow Architecture And Features - A Detailed Analysis

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In the past decade, cryptocurrencies and blockchain have exploded wider among people. The cryptocurrency economy is also evolving as it offering an optimal solution to overcome the complex need for modern financial backing. As cryptocurrencies are the future of the new crypto economy world, the way people view and measure the value of the digital currency and its technology is also getting increased. Due to the arrival of various new technology, few budding entrepreneurs facing some difficulties in understanding those stuff. None of the people will be unfamiliar with what is cryptocurrency? What is Blockchain ? and what is a Smart Contract ? But do you have any idea about What is hyperledger Burrow? No worries, I hope this blog will provide you a high-level overview of Hyperledger and its framework.  What is hyperledger Burrow Hyperledger Burrow is one of the Hyperledger projects focussed on simplicity and speed. It supports and executes both EVM and WASM (WebAssembly) b

Blockchain In Banking 2020

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However the Blockchain Technology was invented to power cryptocurrencies like bitcoin, but the real impact of blockchain creates an opportunity for various industries other than cryptocurrencies. Especially, Banking is one of the areas that found the technology useful. Normally, banking sectors perform many steps to keep the payments secure and safe due to the presence of mediators. The involvement of middlemen increases expensive of banking sectors and also increases fraudulent activities. Hence to overcome all these issues, blockchain is taken forward. The main characteristic of blockchain is a distributed ledger, that keeps a record of various transactions around the globe. In the Banking sector, there are millions and millions of transactions are found across various regions. Hence, blockchain in banking is thought to be the perfect solution to minimize the risks in the payment process. This technology in banking will keep an immutable record of ownership and enable tra

A Complete List Of Top Blockchain Platforms 2020

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It is said that the Fastest growing buzzword which flooding us every day is blockchain. Blockchain technology is being one of the predominant and swiftly thriving skills in the IT sector today. Despite the word, blockchain has been already the talk of the tech world, now it has taken its stand quite steady towards its lateral. However, Blockchain evoked its way to transfer bitcoin from peer to peer, but now it is being utilized by a host of massive companies to monitor and move any number of assets around the globe as smoothly as sending a mail. Now, this forefront technology is being the solution to various industries, enterprises, startups, and SMEs . One more thing that I want to insist here is, don't take Blockchain as a Sun. Instead, take it as a Solar system that is every planet has its own path like that every cryptocurrency has its own separate Blockchain, and not every blockchain support smart contract. Am I clear? Every industry has various separate blockchain