Evolution of The Digital Assets Driven by Blockchain
The extended use of blockchain technology has given birth to a new economy involving digital assets. Generally, digital assets are
A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers. Blockchain records are immutable so it cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network.
Satoshi Nakamoto invented blockchain in 2008 to solve double-spending problem in bitcoin, making it the first digital currency without a trusted authority or central server.
The blockchain is tamperproof, as each block contains a unique identifier, timestamped transactions, and the previous block’s hash. This method links blocks together, preventing any alteration or insertion between existing blocks, making it a secure.
Smart contracts are agreements or rules governing business transactions stored on blockchains, executed automatically. Consensus is achieved through various mechanisms like proof of stake and PBFT, ensuring all parties agree to the network-verified transaction. To know about the latest news on Blockchain, read from CryptoTale.
The extended use of blockchain technology has given birth to a new economy involving digital assets. Generally, digital assets are
Franklin Templeton has launched its OnChain U.S. Government Money Fund (FOBXX) on the Aptos blockchain. This marks the firm’s expansion
Utility tokens are the digital version of discount coupons on the blockchain ecosystem. The main functionality of these tokens is
Traditionally, every blockchain has been functioning as an independent system. It was not able to cooperate or exchange information with
Cardano founder Charles Hoskinson, while speaking at the Token2049 event, has criticized Ethereum’s governance model, stating that the network works
PostFinance, UBS, and Sygnum, are looking into a blockchain-based digital Swiss franc under Swiss Bankers Association. The project, dubbed “Digital
The Celestia Foundation has raised $100 million in a funding round led by Bain Capital Crypto. Syncracy Capital, 1kx, Robot
Modular blockchain Hemi Labs has successfully raised $15 million to advance blockchain technology. This funding will support the development of
Powerledger, an Australian leader in blockchain-based sustainable energy solutions, has joined the Solana ecosystem. The company shared that they share
The football league LALIGA has partnered with crypto exchange Bitget. This is seen as a multi-million-dollar deal and a strategic
Seeker, the second crypto-oriented smartphone developed by Solana Labs, is slated to hit stores in 2025. The platform announced the
Google Cloud has launched a new Blockchain Remote Procedure Call (RPC) service. This will enhance crypto development and improve the
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