This article takes a look at 3 major industries that blockchain technology is changing and how blockchain is shaping industries of the future. Blockchain & Cryptocurrency During the last few years, blockchain technology registered on most people’s radar in the form of cryptocurrency. Bitcoin and other cryptocurrencies have never been far from the headlines as…
Archives for September 2018
Guide to Coin Burning: What is Coin Burn and How Does it Work?
This guide to coin burning explores the question of what is coin burn and the reasons behind burning coin s in the cryptocurrency market. Introduction to Coin Burning Coin burning is a concept unique to the cryptocurrency markets, having been adopted by a wide range of coins and tokens. Though it may sound hard core, but…
What are Atomic Swaps: How Does it Work?
This guide to atomic swaps takes a look at an exciting innovation in the cryptocurrency space, with a simplified explanation on what are atomic swaps. It is no surprise that the surging popularity of cryptocurrencies are fueling an increasing number of coins and tokens being created. In fact, there are more than 2,000 coins and…
Category of Cryptocurrency Market: Decentralized Data Storage Coins
This guide looks at the different category of cryptocurrency market, focusing on the ninth category which represents decentralized, data storage coins. This is the ninth part of the series that breaks down the crypto market into 12 major categories. This article looks at the ninth category in the Top 100 of the cryptocurrency market, which…
What is Lightning Network?- Guide to Bitcoin Scalability Solution
This article takes a comprehensive look at what is Lightning Network, a widely discussed solution to Bitcoin’s scalability problems. What Is Lightning Network? Lightning Network is a scaling solution for Bitcoin that will enable faster and much cheaper transactions. It is a second-layer scaling solution that incorporates smart contract functionalities on top of Bitcoin’s blockchain,…
Bitcoin vs. Bitcoin Cash: What’s the difference?
This article is a Bitcoin vs Bitcoin Cash scaling comparison that takes a look at why transactions on the Lightning Network is more expensive than Bitcoin Cash transactions. TL;DR: While Lightning node payments themselves cost less than on-chain BCH payments, the associated overhead currently requires a LN channel to produce 16 transactions just to break-even under ideal…
Blockchain Scalability Solutions: Overview of Crypto Scaling Solutions
This guide on blockchain scalability solutions provides an overview to the many crypto scaling solutions in the community. Blockchain technology has the potential to disrupt and improve many industries and traditionally centralized systems. However, before it can become a real, viable alternative to its centralized counterparts, blockchains must be able to scale and process transactions…
Guide to Blockchain Scalability: Bitcoin Scalability Problem and Effects
This guide takes a look at blockchain scalability, with a focal point of understanding its importance through highlighting Bitcoin scalability ptoblem and its effects. Bitcoin is often seen as ‘too slow’ and ‘too expensive’. When the network is congested, a bitcoin transaction might need an average of more than one hour for it to be processed….
