• 27 July, 2024

Tag: Blockchain News

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.

News
Band Protocol’s Oracle Now Live on Nervos Network’s Godwoken

Band Protocol’s Oracle Now Live on Nervos Network’s Godwoken

Band Protocol, a cross-chain data oracle platform, has reportedly merged its price feed with Nervos’ Layer 2, Godwoken, to the

News
Powell: Federal Reserve’s Strategy to Rein in Inflation

Powell: Federal Reserve’s Strategy to Rein in Inflation

The Federal Reserve Chair, Jerome Powell, and the United States Central Bank raised the benchmark bank rate by 75 basis

News
CoinFlex to Plan a Reorganization in Hopes to Resurrect their Tokens

CoinFlex to Plan a Reorganization in Hopes to Resurrect their Tokens

CoinFlex, a cryptocurrency launched in January 2019, has recently announced changes that will be introduced in its new plan aimed

News
Helium Announces Migration to Solana Blockchain After community vote

Helium Announces Migration to Solana Blockchain After community vote

Members of the Helium community have agreed to move the decentralized WiFi network from HIP 70, the blockchain used by

News
Revolut Adds 29 More Crypto Tokens For U.S. Users

Revolut Adds 29 More Crypto Tokens For U.S. Users

Revolut, a digital bank and financial technology company based in the United Kingdom, has just extended support for 29 additional

News
Experts Think Web3 Is Missing A Game-Changing Social Media App

Experts Think Web3 Is Missing A Game-Changing Social Media App

In a Medium blog post, blockchain specialist Doug Petkanics laments the lack of a “killer social media app” on web3.

News
Tencent Music Entertainment Group Trading in Hong Kong Starting at HK$18 Each

Tencent Music Entertainment Group Trading in Hong Kong Starting at HK$18 Each

Tencent Music Entertainment Group has started trading in Hong Kong starting at HK$18 each. Currently, Hong Kong’s Hang Sang Index

News
White Hat Hacker Finds Multi-Million Dollar Vulnerability in Ethereum to Arbitrum Bridge

White Hat Hacker Finds Multi-Million Dollar Vulnerability in Ethereum to Arbitrum Bridge

Recently, a self-proclaimed white-hat hacker has found an enormous vulnerability in the bridge link between Ethereum and Arbitrum Nitro. The

News
CoinCorner With Seed Group To Facilitate Bitcoin Transactions In The UAE

CoinCorner With Seed Group To Facilitate Bitcoin Transactions In The UAE

CoinCorner, the Isle of Man-based crypto exchange, is aiming to expand across the Middle East through an alliance with the

News
Twitch to ban crypto gambling livestreams after backlash

Twitch to ban crypto gambling livestreams after backlash

The ban on crypto gambling takes effect on October 18.Twitch faced backlash over recent multi-million dollar sponsorship deals.The platform will

News
Nasdaq To Provide Institutional Crypto Custodial Services for Bitcoin and Ethereum

Nasdaq To Provide Institutional Crypto Custodial Services for Bitcoin and Ethereum

The information that was provided to The Block and Bloomberg by their respective sources reveals that the exchange operator Nasdaq

News
Popular Stock Trading App Robinhood Lists USDC as First Stablecoin

Popular Stock Trading App Robinhood Lists USDC as First Stablecoin

According to Robinhood’s official Twitter account, the popular exchange now supports USDC as a tradeable currency. The online brokerage has