Let’s be honest and admit that as soon as we accept the reality that we live in, the sooner we would progress even more as a society. Even though this may sound like some philosophical quote, this statement best describes every single pore of our civilization. We can use the same statement to describe the technology and how fast we adapt to all the new changes, or, to be more precise, whether we are adapting…
Even though we can often hear and read about blockchain technology, many are still unaware of how important technological achievement it actually is. It’s mainly because people still don’t know the terminology, its true meaning, importance, and role of each component. Namely, think of it as a one-of-a-kind masterpiece recipe, where nodes, ledger, minting, and immutability are some of the key ingredients that make this dish so unique. But, in order to understand the technology…
There are plenty of things to decipher in order to get a better grasp of the blockchain validation process, as it is a complex thing, especially if you are a newbie. As you probably concluded, the whole system is based on this validation process, as it is the only way for any transaction to be completed, and if there weren’t for transactions, there would be no cryptocurrency nor anything blockchain-related. We all know what mining…
Yes, there are plenty of new words and terms, especially since blockchain technology came to the spotlight. Learning and memorizing some new expressions is easy, as we can all learn a definition of what Node is, but very few are actually going to understand it just by reading a sentence or two. Time and practice make it perfect, and this is even more emphasized for blockchain technology, as the only way to find out which…
When someone mentions blockchain, people often immediately link it to the cryptocurrency, and even though that’s understandable, that’s far from the truth. Namely, the blockchain technology behind it can and is much widely used, and in most cases, people are just not familiar with that. In just a little more than a decade, blockchain technology became widely popular, as the whole system works without any third party. That’s the essence, and that’s what those familiar…
In this blog post, we look into what decentralized data storage means and how it differs from traditional centralized data storage. It is no surprise that decentralized data storage is a growing topic in the blockchain world, with more industries looking to adopt new and improved ways to secure their data.
