• 22 November, 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
What To Know About ‘Cryptoqueen’ Ruja Ignatova

What To Know About ‘Cryptoqueen’ Ruja Ignatova

A few days ago, the FBI shared that it has added Ruja Ignatova, dubbed ‘cryptoqueen’, to its ten most wanted

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Northern Data’s June 2022 Operational Reports

Northern Data’s June 2022 Operational Reports

Northern Data, which is the biggest Bitcoin mining firm in Europe, has just released an update on the company’s business

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Arcane Research: Bitcoin Miners Are Dumping Their BTC Holdings

Arcane Research: Bitcoin Miners Are Dumping Their BTC Holdings

According to a recent report by analysis company, Arcane Research, Bitcoin mining companies are starting to dump off their BTC

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Yellen Says Crypto Is a Risky Investment for Retirement Funds

Yellen Says Crypto Is a Risky Investment for Retirement Funds

Janet Yellen believes crypto is risky for retirement savings. Average savers shouldn’t add crypto to their investment plans. The US

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Celsius Network Gets Three Recovery Proposals From BnkToTheFuture

Celsius Network Gets Three Recovery Proposals From BnkToTheFuture

Simon Dixon, the CEO of BnkToTheFuture Capital, said Celsius Network has reached out to them for help regarding the crypto