Jun 22, 2022
What is Distributed Ledger Technology (DLT)?
Distributed Ledger Technology refers to the protocols & supporting infrastructure that enables computers to offer & authenticate transactions & update records in a synchronized manner across a network. DLT makes it easier to protect information....
Jun 20, 2022
UNSPENT TRANSACTION OUTPUT (UTXO) EXPLAINED
An unspent transaction output (UTXO) is the leftover cryptocurrency in a wallet, following a transaction. So, for example, if you have 10 BTC as your Bitcoin balance, it isn’t just a single unit of 10 BTC but accumulated UTXOs of several leftover balances....
Jun 18, 2022
Zero-Knowledge Proofs: STARKS vs. SNARKS explained
Zero-knowledge proof is a cryptographic technology that helps prove a transaction’s validity without revealing the information in that transaction. In other words, a “prover” has to convince a “verifier” that the information sent is true without divulging the information itself....
Jun 13, 2022
CeFi vs. DeFi -What is the difference?
CeFi (centralized finance) & DeFi (Decentralized Finance) both have the same goal, i.e., decentralization by giving individuals access to the financial system. However, they achieve these goals in different ways....
Jun 12, 2022
What Are Decentralized Applications (dApps)?
dApps is an acronym derived from Decentralized Application. This means that dApps are applications that use Blockchain technology to operate in a decentralized way. dApps are built on a smart contract and a front-end user interface, written in a language that their back-end can understand....
Jun 10, 2022
A Beginner's Guide to Atomic Swap
Atomic swaps are highly decentralized and allow crypto asset holders to trade coins directly between blockchains (i.e., an exchange between an Ethereum blockchain and a Bitcoin blockchain). Atomic swaps employ hash timelock contract technology (HTCL)....
Jun 10, 2022
WHAT ARE MINING POOLS?
A mining pool involves the collaboration of hundreds or thousands of interdependent miners running the same mining software (client). Since they have cumulatively invested their resources towards mining, they will stand a better chance of earning mining rewards....
Jun 09, 2022
HISTORY OF BITCOIN FORKS
A Bitcoin fork is a new version of bitcoin's open-source software, with an upgrade to its underlying technology... a Bitcoin fork happens when two sets of miners cannot reach a consensus on the blockchain update to follow; hence, the blockchain splits into two versions....
Jun 08, 2022
WHAT ARE PRIVATE BLOCKCHAINS, AND HOW DO THEY WORK?
A private blockchain is a centralized ledger maintained and controlled by permissioned members of a private organization who oversee and validate all transactions....
Jun 07, 2022
What is Blockchain Technology?
The blockchain is a database organized in the form of a chain of blocks, each of which holds a sequence of data. blockchain technology is a digital ledger that records transactions in its most simple form. However, these transaction records can't be tampered with, modified, deleted, or destroyed....
Jun 06, 2022
TIPS TO INVESTING IN LIGHTNING NETWORK
...to invest in the lightning network, you must become involved in the network participation of an LN-compatible blockchain by creating a lightning node. A lightning node is a computing unit that interacts with the main blockchain network....
Jun 06, 2022
What is Bitcoin Halving?
A block halving is a process that reduces the creation of new bitcoin units. It refers explicitly to the regular halving events and reduces the block rewards granted to miners. Miners lose 50% of their transaction processing incentives with each halving....
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