All posts by Ministry Of Blockchain

Is Directed Acyclic Graph (DAG) Blockchain’s New Competitor?

Directed Acyclic Graph (DAG) stands as a possible competitor to the blockchain, capable of making new cryptocurrencies while overcoming some of the issues inherent to blockchain tech. This brief overview examines the emergence of DAG and whether it can compete with blockchain. B to D: From Blockchain to DAG If you’ve been reading up on ...

Blockchain & Distributed Ledger Technology (DLT)

The rapid development and spread of new technologies has been significantly transforming the financial sector. The World Bank Group published the first fintech note that looks at Distributed Ledger Technology and Blockchain, and analyzes its potential relevance for international development. Fintech — a relatively newly-coined term which combines ‘finance’ and ‘technology’ — describes companies or innovations that ...

How to Mine Bitcoins and What You Should Know

Bitcoin is likely here to stay. Its value remains volatile and unpredictable, but it has come a long way from the bitcoin of four or five years ago — left for dead and dismissed as a fad. Bitcoins are still around, and people are interested in learning what bitcoin is, how to get them, whether as ...

Blockchain: What is Mining?

Some clarification The purpose of mining is probably a little confusing at first. I will keep the Bitcoin blockchain as an example throughout this article. Mining is NOTabout creating new bitcoins. Mining is the mechanism that allows the blockchain to be a decencentralized security. It secures the bitcoin system and enable a system without a central ...

Let’s Talk About Bitcoin Nodes

Due to the decentralized nature of Bitcoin, sometimes key terms or definitions may unintentionally be misconstrued by members of the community. This is particularly problematic for those who want to learn about Bitcoin because they may get confused by variant vocabulary. For example, a Full Bitcoin Node to one person may mean something slightly different ...

Singapore Launches The First Blockchain Challenge to Boost Innovation

Singapore’s Infocomm Media Development Authority (IMDA) launched its very first Blockchain Challenge to accelerate the application of blockchain beyond fintech. To boost innovation and adoption of blockchain technology beyond fintech, Singapore’s Infocomm Media Development Authority (IMDA) launched its very first Blockchain Challenge. “To ensure every business is a digital business, Singapore’s digital economy requires technologies ...

What Makes Bitcoin so Volatile?

Bitcoin is one of the most popular subjects in the financial arena. Since its inception, there has been a lot of changes in the digital finance. Cryptocurrencies have influenced the global economy in numerous ways. However, cryptocurrencies like Bitcoin are itself a highly volatile product. Their value is fluctuating every now and then. According to ICO ...

Kakao Confirms Creation of Blockchain Platform, Denies ICO Rumor

South Korean internet giant Kakao has confirmed it is setting up a new blockchain subsidiary, but quashed rumors of a planned initial coin offering. In a press conference hosted Tuesday, the operator of South Korea’s largest messenger app, Kakao Talk, said the company has launched a new division to start developing a blockchain-powered platform for ...

The Blockchain Revolution

The revolution fueled by the latest and greatest disruptive technology is underway and spreading globally.  This digital revolution is based on a technology platform called the blockchain which is characterized by its public, shared, and trusted database.  The transactions captured are accounted for in a trusted ledger that records transactions over a peer-to-peer network of computers accessed ...

What Is Sharding In Blockchain | Sharding Explained In Detail

Why is Sharding needed? Just before we dive into the nuances of Sharding & try to take the bull by the horns i.e. understand what is Sharding in blockchain, let’s first try to understand the need for it. The Blockchain evangelists & enthusiasts believe that Blockchain technology has the potential to shape a world with no disparity, ...