Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
Certain buzzwords are currently making names for themselves in the cryptosphere. Most notably, these include DeFi, NFTs, and oracles. These could conceivably be among the top trends that may act as catalysts for a potential 2020/2021 bull run. Another buzzword that is making the rounds, although perhaps does not receive as much attention as the previously mentioned terms, is blockchain interoperability.
Interoperability fundamentally refers to a seamless exchange process of transactions or data between blockchains. If you are unsure what this means or if you are interested in finding out how this works - read on!
In this article, we will briefly cover how blockchain technology works, why interoperability is such a crucial part in the next stage of cryptocurrency adoption, and live projects and use cases using protocols with blockchain interoperability.
If this peaks your interest regarding blockchain technology in general, then you’ve come to the right...
Many analysts believe blockchain technology may represent a paradigm shift akin to the introduction of the internet. When all is said and done, blockchain technology may end up becoming the greatest invention of the 21st century. However, despite its numerous use-cases, many still believe that blockchain equals bitcoin. We don’t know about you, but that doesn’t sit right with us. So, in this guide, we will be looking into some top 10 blockchain use cases. These are all use cases that show that blockchain technology applications lie far beyond merely powering a monetary system.
To preface and more properly understand these use cases, let’s first revisit the three main properties of blockchain technology.
Blockchain technology is many times hailed as a massively disruptive innovation across industries. As such, blockchain is often linked to the advent of the ”fourth industrial revolution”, or Industry 4.0. Nevertheless, the notion of blockchain technology being a cutting-edge technology means that some people assume it is a novel technology only being explored by blockchain startups.
In reality, however, nothing could be further from the truth. Despite what some mainstream news outlets would lead one to believe, well-known billion-dollar companies are already seriously exploring blockchain. How companies use blockchain technology differs depending on their respective industries, but one thing is clear - blockchain isn’t a gimmick.
As such, this article looks at how some companies use blockchain and how they differ in their implementations. Understanding what companies invest in blockchain technology and showing that large corporations are actively pursuing the...
The blockchain was initially introduced by Satoshi Nakamoto, the inventor of Bitcoin, as a time-chain concept. Bitcoin transactions would be created and validated in a decentralized, peer-to-peer network and stored in a public ledger, which was later called “the blockchain”.
This distributed database where transactions get stored is what Satoshi referred to as time-chain or a chain of time-stamped blocks of transactions.
The most interesting features of blockchain technology are security and decentralization. Simply put, a blockchain allows users to send, receive, and store transactions in a time-stamped, public, open, and permissionless distributed database. These transactions are grouped together in blocks. Since blocks are hashed and linked together in chronological order, to alter the transactions in one block, an attacker would have to alter all subsequent blocks.
Therefore, blockchain technology seems to be an amazing and useful upgrade to distributed ledger...
Blockchain is on the lips of everyone, from individuals to institutions these days. Analysts are calling the advent of blockchain (together with other cutting-edge technologies such as artificial intelligence, internet of things and virtual reality) the fourth industrial revolution. However, exactly what is blockchain? This article breaks it all down in a comprehensive “what is the blockchain 101” report.
Blockchain is perhaps most well-known as the technology that underpins Bitcoin and other cryptocurrencies. One should note that blockchain technology has wide-reaching applications that extend far beyond cryptocurrencies. However, the advent of Bitcoin and other cryptocurrencies did help blockchain technology gain more widespread exposure.
All of these different terms can be somewhat confusing, so we’re going to break it down. Cryptocurrencies are a type of medium of exchange, or means of payment. As such,...