Category: Blockchain News

Audi’s Joint Venture With IOTA Promises A Blockchain-Powered Automotive Future

Audi Denkwerkstatt, Audi Company’s thinktank has been collaborating with IOTA Foundation. In the past for months, the two parties were testing a prototype platform that is designed to use IOTA Blockchain technology in powering a number of automobile automation features such as the Internet of Things, Big Data management, etc. In a report card release […]

What Is An ICO?

An Initial Coin Offering (ICO) is a fundraising method used by new projects to sell their essential crypto tokens in exchange for Ether or Bitcoin. This undertaking bears similarity to Initial Public Offerings (IPOs) whereby investors buy shares of companies that have been publicly-listed. Many people still ask what is an ICO because this is […]

What is a Decentralized Application?

Decentralized applications (DApps) are among the new breed of apps whose growth is attributed to blockchain technology. DApps run on P2P computer networks rather that one computer. Therefore, these applications cannot be controlled by one computer or user. However, the main question that abounds is what is a decentralized application? Well, there isn’t a straightforward […]

What Is A DAO?

If you are a cryptocurrency enthusiast, you have probably encountered this the question; what is a DAO? A decentralized autonomous organization is a business whose main decisions are made electronically. Written computer codes or members’ votes are used when making decisions rather than leaving it to one individual. Upon the invention of blockchain technologies, there […]

Hard Fork vs. Soft Fork

If you are well a cryptocurrency enthusiast, you have probably come across the terms hard fork vs. soft fork. Blockchains, which is the technology that underlies cryptocurrencies, are distributed ledgers comprising of ever-growing blocks of data to form a chain of blocks. Since cryptocurrencies are mostly decentralized, participants must agree of a set of rules […]

Blockchain’s Scaling Problem, Explained

Ever since the world’s first cryptocurrency was launched,the excitement around the blockchain technology has been building up. In years gone by, the idea of decentralized virtual currencies looked far-fetched. In recent years, however, more people are waking up to the fact that cryptocurrency is headed towards mainstream adoption. Despite its incredible growth, the main issue […]

Why Use a Blockchain?

There is no doubt that we are living in a digital world and blockchain technology is among the world’s leading platforms for digital assets. The blockchain platform is increasingly becoming essential in the modern world, but the big question is; why use a blockchain? As this technology becomes more popular, a lot of money is […]

What Are the Applications and Use Cases of Blockchains?

What Are the Applications and Use Cases of Blockchains? Since its inception, blockchain technology has rapidly outgrown its original ambitions and goals. However, there is also a lot of hype that still surrounds this new kid on the block. And one of the biggest questions being asked out there is; what are the applications and […]

What Is the Difference Between Public and Permissioned Blockchains?

Over the years, we have witnessed the term “blockchain” evolve from something that was unknown into one of the hottest topics on the block.The concept of blockchain has been made more famous with the inception of bitcoin.  While Bitcoin serves as a perfect example of a public blockchain, there is another type of blockchain known […]

What Is the Difference Between a Blockchain and a Database?

We can all agree that blockchain technology has become part of our everyday lives. Despite being at its infancy stage, the technology has already given rise to some significant developments. Two terms that are synonymous with blockchain technology are; blockchain and database. There is so much confusion surrounding these two terms, and some people tend […]
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