What is Decentralization?
A blockchain is a technical design pattern which allows networks to exist without relying on a central authority for network management and maintenance. A cryptocurrency is usually (but not always) a required part of a blockchain ecosystem, and is used to incentivize value within the network. Did you know? While the Bitcoin whitepaper was … Continue reading What is Decentralization?
What is Forking?
What are forks? A public blockchain can only exist by many node computers running the same software, which collectively maintains the record of the past of the network. If either the collective record or the software that maintains it become contentious, then there can be a fork in the network. There are three main types … Continue reading What is Forking?
What Real-World Impact can Blockchain Have?
While blockchain was created as a solution for the Bitcoin financial network, the concept has been adopted across a range of sectors and is expected to make a major impact in the way that we handle data storage. You can visit out Industry Impacts section for profiles of some up and coming blockchain applications. … Continue reading What Real-World Impact can Blockchain Have?
What is Decentralized Computing?
Distributed computing has been around for a long time in computer science, but in 2015 the Ethereum foundation changed that. Ethereum’s innovation was to create an economic incentive for nodes to join and help maintain a global, distributed, computer system. Since 2015, Ethereum has risen to be the second largest cryptocurrency community, and a range … Continue reading What is Decentralized Computing?
What is Ethereum’s Gas?
FAQ: What is Ethereum’s Gas? Gas is not a token or coin. Gas is a pricing mechanism used to determine how much Ethereum should be required to purchase computing power on the Ethereum Virtual Machine When someone pays for a transaction or smart contract execution, the Gas price is determined based on current network volume. The … Continue reading What is Ethereum’s Gas?
What is Blockchain?
A blockchain is a ledger system which is distributed across a wide network of peers. A ledger in this context is any database system which is write-only, meaning that a record cannot be changed once it has been added to the chain. Did you know? While the Bitcoin whitepaper was the first proposal for a … Continue reading What is Blockchain?
What is the difference between coins, tokens, and crypto-assets?
In the brave new world of cryptographic assets, it can be confusing to determine what is what. Coins – Bitcoin, Ethereum, Monero etc. Are highly divisible and can be traded Have their own blockchain network Can be earned as rewards for mining or maintaining the network Tokens – Golem, 0x Protocol, Gemini Dollar Are highly divisible … Continue reading What is the difference between coins, tokens, and crypto-assets?
What is Decentralized Storage?
Since the decentralized computing concept has taken root, it’s been hard to escape the centralization of storage and computing resources. Major providers have come to support the majority of the internet with enormous data centres, and matching their efficiency has been a difficult challenge. Despite this, there are a wide range of solutions now available … Continue reading What is Decentralized Storage?