As the name seems to clearly suggest, a Bitcoin Improvement Proposal (BIP) is a standard that has been devised to help in the alteration of BTCs core protocol. However, in a few notable cases BIPs have even served as a source for crucial information for the Bitcoin community at large. From a more technical standpoint,…
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Privacy Coin Analysis: Monero (XMR) vs ZCash (ZEC)
This privacy coin analysis takes a look at the two leading coins focusing on anonymizing transactions; Monero (XMR) and ZCash (ZEC). Cryptocurrencies were launched with the aim of anonymizing online payments completely. Some of the most popular cryptocurrencies – Bitcoin, Litecoin and Ethereum – are created with specific characteristics; Bitcoin is used mainly as digital…
Crypto Mainnet vs Testnet: What is the Difference?
This article takes a look at what is the difference between a crypto mainnet vs testnet, two technical terms that serve different functions. Mainnets and testnets are common technical terms used in the cryptocurrency world to denote blockchain networks that possess vital functions. Let’s take a look at the differences between a cryptocurrency mainnet and testnet:…
Second Layer Blockchain Scaling: Off-Chain Solutions
This article takes a deeper look at second layer blockchain scaling off-chain solutions, with various implementations that are progressing as we speak. The internet was born as an instrument for radical self-expression. When the web was young, it was all about creativity and experimentation in a truly decentralized peer-to-peer fashion. However, over time it grew…
Top 10 Crypto/Blockchain Infographics You Must Know
This guide takes a look at the top 10 Crypto/Blockchain Infographics you must know in the complex world of cryptocurrencies. The technical world of cryptocurrencies and its underlying technology – blockchain – can be a daunting task for many to comprehend. Cryptocurrencies at its core is a technological marvel; it is achieved through the combination…
Blockchain: A Catalyst in the World of International Money Transfers
This article takes a look at how blockchain is impacting the world of international money transfers, and how consumers will stand to gain in the long-run. The arrival of several financial technology (FinTech) companies over the last couple of decades has come with several benefits for people to carry out cross-border fund transfers. Unfortunately, the…
Public Vs Private Blockchain: What’s The Difference?
This article will take a look at the core differences between public vs private blockchain and the different use cases that both are suited for. Public vs Private Blockchains Blockchain has enabled a new wave of technological progress that can disrupt many industries and systems before us. The ability to seamlessly secure data in a…
Guide to Consensus Algorithms: What is Consensus Mechanism?
This guide to consensus algorithm takes a look at a common question on what is consensus mechanism and why it’s needed for blockchains. Introduction to Blockchain Blockchain technology is widely regarded as a disruptive innovation that could revolutionize the way we do things. In fact, many have compared blockchain to the introduction of the internet…
Guide to Smart Contract: What are Smart Contracts?
This guide to smart contract takes a look at what are smart contracts and how they work. The various applications and use cases will also be explored. Blockchain technology is a crowning jewel created from the advancements of cryptography and computer science. It is fast gaining traction as a revolutionary innovation with the potential of…
3 Major Industries That Blockchain Technology is Changing
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…
