To comprehend the essence of the blockchain technology, first, it would be necessary to explain the meaning of this word. The term blockchain is derived from two words, the“block”and the“chain”, or it can also be called the“chain of blocks”. In order to understand why it’s call...
Blockchain systems, meanwhile, don’t require you to rely on them completely. All negotiations (or blocks) on a blockchain are certified by the lumps in the system prior to being tallied to the record, meaning there is an absent singular point of error and absent singular verification channel...
You might have come across the term ‘Blockchain technology’ before, in reference to cryptocurrency. The term might seem abstract with little real meaning on the surface; nonetheless, without Blockchain, digital currencies would not exist. If you are new to cryptocurrencies, and Blockchain technol...
Blockchain is a chain of blocks or, in other words, it’s a linked list. Each entry in this list is linked to the previous one and so on it connects transitively to the very first one. Think of it as train car analogy where each one is chained to the next one. There is a worth...
Meaning all the data stored in blocks are copied and spread across a Blockchain network, rather than storing it on a single database. Whenever a block is added to a Blockchain network, every computer on the network will update it to reflect the change. A decentralized network means it’...
Ah, that would be the semantic satiation kicking in. That’s the name for the feeling where you’ve heard a word so many times that it loses all meaning. It’s not surprising, given how many times I’ve used the word “blockchain” here. Let’s do it a few more times, just to...
To all those, who are beginners in the Blockchain game, let’s reveal the meaning of this exceptional technology. In simple words, Blockchain can be described as the network of virtual assets that are mined by writing entries into a record of information. A community of users is there to...
The hash is the cryptographic by-product of the hash algorithm which is a one-way function, meaning it can’t be possible to reverse output into inputs again. The algorithm also produces one unique output. These properties are very essential for instance in cryptocurrency Bitcoin where it is ...
Instead, users can be tricked into any phishing website to sign the message without fully understanding the actual meaning and consequence of these signatures. Unfortunately, hackers know. As a user, just keep in mind: NEVER BLIND SIGN ANYTHING. OpenSea used to have the blind signing problem, ...
in Solidity (that’s the language that smart contracts are written in) to simply store our data and retrieve it when we need it. The data we want to store is the music file data, meaning that we have to upload the music to IPFS, then store the address of the buffer in a block...