It’s no secret that Blockchain is used when multiple mutually mistrusting entities that don’t want to use a third party, mutually agree to interact and make transactions. However, whether Blockchain is the answer to your woes remains a much-debated question amongst product/service teams. Here are some basics that ought to help clear the air.
Blockchain is the right solution for you if: Read more about To Blockchain Or Not To Blockchain …
Feel totally at sea upon hearing the words “private & public blockchain”? We’re here to help you understand the basics.
The blockchain is a distributed ledger system that records all the transactions that happen between users in a particular chain. The two types of blockchain are – Public and Private.
Read more about Public v/s Private Blockchain – The Basics …
344 2 For the sake of explaining the Blockchain technology, let us draw a parallel between Blockchain and Google Docs. Multiple parties can access & edit Google Docs simultaneously and all the changes are stored. Now imagine that this document is duplicated across thousands of computers, such that each new entry in the document is […]
349 0 Bitcoin is a decentralized digital asset & a payment system invented by Satoshi Nakamoto, a pseudonymous software developer(or a group of software developers going by that name) in 2009. It utilizes a peer to peer protocol wherein users can transact directly without any financial intermediary – bank or a credit card company. The […]