Category: Blockchain

What is blockchain? In its simplest term, Blockchain is a distributed record-keeping technique, built on a peer-to-peer network. The transactions within the network are verified by the peers, grouped into blocks, which are chained together to form “blockchain”. Adding more sprinkles, every participant (node/peer) in the blockchain network holds a copy of the blockchain flagging it safe and transparent. Going down the line, understanding a block in a blockchain, each block has two parts: header and body. While the […]

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If you’re a crypto enthusiast, Ethereum is no new phenomenon to get introduced. The Bitcoin alternative did not take much time to build a huge fanfare of its blockchain architecture enabling smart contracts and decentralized applications to be built and run without any downtime, control, or interference from a third party. Ethereum blockchain simply wanted to create a decentralized suite of products that anyone can freely access without any geography of ethnicity, or faith, making […]

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Merkle trees are incredibly valuable when it comes to blockchains. In distributed systems, Merkle trees help with easy verification of information without flooding the network with unnecessary data. If you look at the timeline, the first-ever mention of the Merkle Tree was in the early 80s when the computer scientist Ralph Merkle, renowned for public-key cryptography introduced Merkle Tree for verifying data integrity in a peer-to-peer network. He then introduced the concept of hashing, as […]

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It is no big-time the art enthusiasts around the world opened their eyes to Non-Fungible Token or NFT. Much like cryptocurrency, NFT also caught with the drift with blockchain-based virtual platforms like Foundation, NiftyKit, Wazirx (Indian NFT platform) knocking around. Today the concept is catching up like wildfire in India, with no ostracism in Kerala. All thanks to the covid-induced digital boom. The popularity of contactless, technology-driven solutions is in the surge- especially among the […]

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Zilliqa is the first-ever public blockchain to implement sharding to its mainnet. The blockchain is foreseeing to deliver high performance and high security to enterprises and applications via refining the attribute-Scalability. According to the creators, Zilliqa has emerged to solve the ‘Blockchain Trilemma’ -the long run belief that decentralized networks never succeed to provide the benefits of all three- decentralization, security and scalability together. It’s looked at like, blockchains can only provide two of the three […]

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