The Proof of Stake (PoS) is a consensus mechanism in Web3. Within the blockchain network, it validates transactions and secures the network. The Proof of Work (PoW) which requires nodes to perform an intensive task to validate transactions. Alternatively, the Proof of Stake allows nodes to validate transactions depending on how much a node is […]
Introduction Proof of Work (PoW) is a consensus algorithm used in digital ledger technology to secure transactions and prevent double spending. Many cryptocurrencies such as Bitcoin, Litecoin, Dogecoin utilize this consensus protocol. In PoW, nodes in the network compete to solve a computationally difficult problem. The first node to solve the problem adds a new
Imagine you could have digital contracts that can execute themselves whenever necessary, as the need arises. Well, these are Smart contracts. Since they already exist, you can stop imaging and let’s see the necessity, the features, and the working of a Smart Contract. Let’s go! What Is A Smart Contract? A smart contract is a
A Concept To Experiment For Better And Secure Marketing Blockchain is here to change the world and how data storage, data transmission and information security. The decentralized ledger technology secures millions of transaction data with encryption that protects from data mutations. Consequently, the importance of blockchain technology in healthcare lies in its ability to store and manage
What Is Encryption? Encryption is the process of converting plain text into a form that is not easily understood by third parties. It protects sensitive information such as financial transactions or personal communications from being intercepted and read by others. Essentially, encryption uses mathematical algorithms called ciphers. Ciphers scramble the data in a way that
The healthcare industry is constantly evolving with new technologies and innovations. One technology that has the potential to revolutionize patient care is blockchain technology. Blockchain is a decentralized and immutable ledger that securely stores and shares data. In this blog post, we will explore how blockchain when integrated into the healthcare industry to improves the
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Do you know what’s funny? Competition. While making this listicle I came across many NFT platforms that self-claim it’s “#1”. And it’s impossible to have many “#1″s… So, let’s demystify the confusion and look at the top blockchains for NFTs in 2023. And we have only 11 blockchains out of the sea of blockchains that
Here Are The Top 11 Blockchains For NFTs In 2023 Read More »
I was on Instagram just the other day, and sigh, I had to log in – again! Eventually, I entered my email that links to my Facebook profile. Then, a thought popped up: “Wouldn’t it be nice if you could sign in to all your accounts with one common profile?”. Just imagine all Web2 applications
Blockchain technology is a decentralized digital ledger that records transactions across a network of computers. It is the backbone of cryptocurrencies such as Bitcoin, although lit has other uses too. Blockchain ensures transparency, traceability, and security in different industries, especially supply chain management. It also helps to speed up and simplify transactions in financial services.
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