• 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
South Korea’s Bank of Korea Calls For Termination of ICO Ban

South Korea’s Bank of Korea Calls For Termination of ICO Ban

According to recent reports by a local South Korean news site, Infomax, South Korea has become the latest nation to

News
Taiwan To Launch Digital Affairs Ministry and Use Web3 To Tackle Cyberattacks

Taiwan To Launch Digital Affairs Ministry and Use Web3 To Tackle Cyberattacks

The Ministry of Digital Affairs of Taiwan is scheduled to make its formal debut on August 27, with the intention

Crypto Exchanges
Binance To Help S.Korea Drive Blockchain Adoption and Innovation

Binance To Help S.Korea Drive Blockchain Adoption and Innovation

An agreement known as a Memorandum of Understanding (MoU) has reportedly been struck between the city of Busan in South

News
Crypto YouTuber Bitboy Crypto Sues Atozy For Defamation

Crypto YouTuber Bitboy Crypto Sues Atozy For Defamation

Ben Armstrong a.k.a BitBoy Crypto, one of YouTube’s biggest crypto influencers, has filed a defamation lawsuit against another YouTube celebrity

News
Floki Inu Partners With Kommunitas to Offer Flokifi Locker Protocol

Floki Inu Partners With Kommunitas to Offer Flokifi Locker Protocol

An ever-growing number of companies are teaming up with Floki because of their digital asset locker solution, FlokiFi Locker, dubbed

News
Polygon Integrates GameSwift Following Its Rebrand From Terra

Polygon Integrates GameSwift Following Its Rebrand From Terra

According to a recent blog post by Polygon, the crypto company has formed a partnership with GameSwift, a decentralized and

News
Singapore Allows Three Arrows Liquidators to Investigate Crypto Fund

Singapore Allows Three Arrows Liquidators to Investigate Crypto Fund

According to a report by Bloomberg that cited individuals familiar with the situation, the liquidators of Three Arrows Capital Ltd.

News
Iran Continues to Crack Down on Crypto Mining

Iran Continues to Crack Down on Crypto Mining

Officials in Iran have said that they have confiscated 9,404 crypto mining rigs in Tehran since the end of March.

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The Evolution Of The Crypto Economy And A Brief BTC History

The Evolution Of The Crypto Economy And A Brief BTC History

The crypto economy has come a long way since Bitcoin’s launch in 2009. The underlying blockchain technology of Bitcoin was

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Cryptocurrency Gaming Coins Open Up A Unique Gaming Experience

Cryptocurrency Gaming Coins Open Up A Unique Gaming Experience

Blockchain technology has enabled a new era of games, known as play-to-earn games. Play-to-earn games are a popular topic among

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What Are Cryptocurrency Trading Bots And How Do They Work?

What Are Cryptocurrency Trading Bots And How Do They Work?

The crypto market, unlike the traditional stock markets, never stops. This makes it next to impossible for private traders to

News
$80 Billion in U.S. Debt Is Now Held by Stable Coin Issuers

$80 Billion in U.S. Debt Is Now Held by Stable Coin Issuers

Stablecoin issuers such as Tether and Circle currently own $80 billion as of 2022 in short-term US government debt, underlining