Blockchain Archives - Page 4 of 9 -

February 23, 2022 Blockchain, CBDC, Cryptocurrencies, KBA admin

Unravelling Stablecoins

Today cryptocurrency is considered a better form of money for different reasons. All thanks to its attributes from transaction immutability to security and privacy. However, its volatile nature limits its applications in finance. The price of the cryptocurrency, expressed in terms of fiat currency, keeps fluctuating. If we take the last year’s impression to study, the Bitcoin price nearly quintupled to a new high before losing half of its value and then rebounding further. This […]

February 15, 2022 Blockchain, CBDC, Cryptocurrencies, KBA admin

Central Bank Digital Currency: Do We Need It?

Payment modes are ever-evolving. It has changed dramatically in recent years that subject experts believe the evolution is much beyond the control of existing infrastructure. Let’s look at the payment switches that have globally taken place. In Africa, the unbanked have been enabled to make payments using their mobile phones. In Asia, there has been a move to reduce the number of cash payments by reducing large denomination notes and removing coins. In Europe and […]

February 9, 2022 Blockchain, KBA admin

Decentralized Finance In Three Minutes

Conventional financial services are centralized systems involving intermediaries like banks, agents, brokers etc. The involvement of third parties has increased over the years to meet the complexities of emerging financial systems. But fewer setbacks limit its perspective. For instance, your financial services choices are often regulated by local jurisdiction corresponding to your geographic location. The involvement of human intermediaries complicates the process by increasing cost and adding time delay. You are forced to trust the […]

February 1, 2022 Blockchain, KBA admin

An Ultimate Guide To Blockchain Forks

Earlier, we saw the fork in Bitcoin and how it is resolved. This article will deep dive into some significant forks in blockchain and understand them in detail. Access it here if you have missed the early piece on blockchain fork. In the previous blog, we learned the blockchain branches are based on the split and its effect on the blockchain functioning. We will stick to a simple classification: soft forks and hard forks. The example we saw in the […]

January 25, 2022 Blockchain, KBA admin

Forks in Blockchain

“A blockchain is a “chain” of blocks, where each block stores a pointer to its previous block.” As the blockchain continues to grow by adding more and more blocks, some scenarios may lead to the split of blockchain into one more potential path. For example, if one or more blocks point to a different block, this causes a split, producing a second blockchain that shares its history with the original but moves forward in a […]

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