The Blockchain technology and the 5 underlying principles of Blockchain

The Blockchain technology and the 5 underlying principles of Blockchain

In the last discussion I explained the key terms in the bitcoin world. I also explained the main technology driving the network and the currency. The Blockchain technology and the 5 underlying principles of Blockchain Mark Zuckerberg stated sometime this year that the blockchain technology could be used to fix Facebook. Everybody in the tech…

The future of financial system will be decentralized financial systems and its advantages

The future of financial system will be decentralized financial systems and its advantages

Bitcoin and Ethereum are decentralising the traditional financial system over centralized financial systems because of their ability to function and operate without any flawed, not even hackers can disrupt its system. Transaction processing On 19th February, Mr Jameson Lopp, the lead engineer at multi-signature Blockchain security firm BitGo, noted during a holiday in the US…

In Simpler Term; What Is Bitcoin?

In Simpler Term; What Is Bitcoin?

Bitcoin is a cryptocurrency and a worldwide payment system. These are forms of digital currency that use encryption to secure transactions and control creation of new units. It is a decentralized network without a single administrator and central bank. Bitcoin was created by Satoshi Nakamoto in 2009. An advantage of Bitcoin is that they can…