As the blockchain revolution keeps raving, more developers and companies seek ways to learn about it and possibly adopt it for their next project. This article does not introduce the reader to blockchain and its workings. Instead, this article seeks to be more practical — teaching the reader about Decentralized Applications (DApps) and why they are useful and more practical.
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Blockchain has been a buzzword for some time, and blockchain technology has been gaining popularity by the day. However, the real potential of this technology is yet to be tapped. For any emerging technology or concept, the initial acceptance and adaptation are always slow. However, when the momentum picks up, there is no stopping. We all remember the days of
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Data Immutability is one of the key aspects of Blockchain Technology. In this article, I will explain the meaning of this term in the context of blockchain and how we achieve data immutability. Blockchain is a popular platform because of the data security that such a type of architecture offers. Besides various features of blockchain technology, like decentralization and consensus
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Blockchain is a decentralized environment without a central authority to ensure trust between the transacting parties. So, how does blockchain ensure that valid transactions and block creation occur in the network? And how is a consensus reached about the validity of data and transactions? Blockchain employs a set of validation checks known as consensus mechanisms for the validity of transactions and
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Blockchain is the combination of a decentralized and distributed database, or in non-technical terms, a distributed ledger containing a registry of transactions distributed among peers or fellow participants in the network. The blocks of the blockchain, which are not physical entities, contain this transaction. What are Nodes in a Blockchain? Let’s take a practical example of the accounting department in
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I still remember the days when I could count the various types of cryptocurrencies available. But this is certainly not the case as of today. The crypto market has grown exponentially. These different types of Crypotos have been coming up to solve different use cases or pain points. The underlying technology of cryptocurrency is blockchain. Cryptocurrencies are a relatively new
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It is no news that Blockchain and Web3 are the raves of the moment. Given this, developers in different fields are migrating into the blockchain ecosystem in their numbers. Ethereum, being the most popular Blockchain and also the first to allow the development of software or programs on the Blockchain known as “Smart Contracts,” requires development in a contract-purpose programming
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Every blockchain uses different record-keeping methods. In this guide, we will understand the UTXO (Unspent Transaction Output) method that Bitcoin and some other cryptocurrency blockchain networks use. We will also see how it differs from traditional banking systems’ popular account/balance method. What is UTXO? UTXO, or Unspent Transaction Output, is a fundamental concept in cryptocurrency, particularly in the context of
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