The current hype with the non-fungible token (NFT) which started in January 2021 has been enabled by the advances made in the NFT marketplace platforms. Thanks to these platforms, many individuals have been able to make their products available as NFT. The NFT craze has most significantly affected the content creation and arts field. Various …
Industrial sectors are being grouped together under certain silos to make administrative and jurisdiction matters easier. Undeniably, the activities of these sectors overlap with one another. For instance, the food and beverage sector is closely related to, and dependent on, each other. Also, when we talk about multiparty system, it also goes beyond the corporate …
Applying blockchain technology to multiparty systems Read More »
Blockchain is just a decentralised database. What is a database? A database is a data structure used for storing information. This includes data that can be queried to gather insights for structured reporting used by entities to support business, financial and management decisions. Government also make use of databases to store large sets of data which …
Blockchain is a growing list of records, called blocks, that are linked using cryptography in a *linear sequence forming a chain. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, blockchain is resistant to any modification of the data. Here is a link to a more elaborate …
A block is a container data structure. In the Bitcoin world, a block contains more than 500 transactions on average. So, a block is composed of a header and a long list of transactions. If you are a miner, your job is to gather transactions from the transaction pool in to a “candidate block”, and …
What is a block in blockchain? Where to store the blocks? Read More »
Current blockchain based projects are designed to function in a linear sequence; one operation functioning after the other. This is a crucial function so that operations occur precisely in their desired order. This also means that they can be easily added to, and new instructions are not capable of affecting the earlier operations of the script. There …
What does “blockchain is a linear sequence of blocks” mean? Read More »
