Web3 is here, and you are stuck in Web 2.0? Wondering what blockchain stack you require for your business? Have you tried doing a blockchain requirement analysis yet? No? Well, fret not; we’ve got you. In this blog post, we’ll go through what a blockchain requirement analysis is, why doing one is necessary, and some …
A Blockchain Requirement Analysis Can Help You; Find Out How! Read More »
Web3 wallets are essential to interact with dApps, store digital assets, and trade and exchange cryptocurrencies. But can one wallet do it all? Or do we need more? How many types of wallets exist? Let’s take a look at them and see their features. Well, Web3 wallets can be classified into many types. What are …
In computer science, a framework is a set of pre-written code or libraries that provides a standard way of building and organizing applications. A framework includes a cohort of tools, software components, and guidelines that help developers create software applications more efficiently. Frameworks provide efficiency by abstracting away low-level details and providing higher-level abstractions. Further, …
What is a Framework? And what are Web3 Frameworks? Read More »
In computer science, “oracle” refers to a program or system that can answer questions in a specific domain. For example, in software testing, an “oracle” may be a reference implementation or a set of expected outputs that can verify the correctness of a program. Oracles in Blockchain Technology In blockchain technology, an oracle is a …
Have you noticed how a transaction ID comes post a successful transaction? Great! That’s what a nonce does but before the transaction takes place. So let’s see what’s a nonce in Web3 and how it helps blockchain technology.
Proof of History is a consensus algorithm that improves the scalability and efficiency of blockchain systems. It uses a verifiable delay function to create a secure and unique timestamp. The timestamp for each block ensures that the order of the transactions does not change. This allows nodes to reach consensus quickly and efficiently without requiring much computational power. …
Delegated Proof of Stake (DPoS) is a consensus algorithm in blockchain networks. DPoS helps to maintain consensus and validate transactions. In a DPoS system, token holders elect a group of validators or “delegates” to represent them and validate transactions. These delegates are responsible for verifying transactions and adding new blocks to the blockchain. Token holders can vote for validators, …
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 …