Tag: blockchain technology

Explaining Hash Rate Or Hash Power In Cryptocurrencies

If you are new to the world of cryptocurrencies, I guess you would have heard this number of times that Bitcoin’s hash rate, also referred to as hash power, has increased or come down. Does the term make you wonder what it actually means? I actually used to wonder in my initial days as to what ...

NASA Begins Research On Ethereum Blockchain Technology

The National Aeronautics and Space Administration (NASA) and Researcher at the University of Akron (UA) are researching on using Ethereum Blockchain Technology to enhance space communications and navigation. A statement by the university revealed that  Dr. Jin Wei Kocsis, assistant professor of electrical and computer engineering, received a three-year, $330,000 Early Career Faculty grant from NASA to ...

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: 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 ...

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 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, ...

Blockchain Explained… In Under 100 Words

I recently attended an industry seminar where the concept of the Blockchain was explained. At the end of the session, walking out of the lecture room I heard one of the attendees say to a colleague “I’m still not sure what exactly Blockchain is…”. Many of us know that Blockchain is a topic that is hot at ...

Google Is ‘Actively Looking’ At How It Can Use Blockchain Technology, Its Head of Advertising Says.

Google is looking at whether it can incorporate blockchain technology, its most senior advertising executive said Wednesday. Sridhar Ramaswamy, Google’s senior vice president of ads and commerce, said the company was researching the technology, but had no official product announcements to make. “This is a research topic, so I don’t have anything super-definitive to say. ...

US Congress Releases Extraordinary Report Praising Cryptocurrency and Blockchain Technology

The US Congress just released its massive joint report on the state of the economy, and for the first time an entire chapter is dedicated to cryptocurrency. What’s even more extraordinary are the number of bullish sentiments on the future of the emerging technology. Here’s a look at some of the most interesting aspects of ...

INFOGRAPHIC: Things to know about Blockchain

CAPE TOWN – Blockchain, Cryptocurrencies, Bitcoin and Ethereum have taken the world by storm and have become popular terms on the Internet. However, not many people understand or know what it is. Are you intrigued by the blockchain system and what cryptocurrencies can offer you in terms of investment? Here are some things you need to know ...