WHAT IS ERC-20 AND WHAT DOES IT MEAN FOR ETHEREUM?

Ethereum the popular cryptocurrency and blockchain system, is based on the use of tokens which can be bought, sold, or traded. There are several different tokens which may be used in conjunction with Ethereum, and these differ from ether, which is the currency native to the Ethereum blockchain. Tokens, in this case, represent digital assets…

WHAT IS THE DIFFERENCE BETWEEN BLOCKCHAIN AND DATABASE

The blockchain is defined as “a system that’s secure without a higher authority, distributed across many strangers’ computers, yet tamper-proof, and promises a mechanism for trust mediated directly between individuals”. Essentially, by providing a distributed means to guarantee and verify transactions, the blockchain offers the ultimate opportunity to cut out the middleman. If trust and…

WHAT IS A SMART CONTRACTS?

In the easiest form, it is an agreement between couple of multiple parties online that can be automatically executed on a transparent blockchain using cryptocurrency. In the context of blockchains and cryptocurrencies, smart contracts are: – pre-written logic (computer code), – stored and replicated on a distributed storage platform (eg a blockchain), – executed/run by…

IOTA – THE BLOCKCHAIN KILLER

IOTA is a revolutionary new transactional settlement and data integrity layer for the Internet of Things. It’s based on new distributed ledger architecture, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system. For the first time ever, through IOTA people can…

WHAT IS HYPERLEDGER?

Hyperledger (or the Hyperledger project) is an umbrella project of open source blockchains and related tools started in December 2015 by the Linux Foundation, to support the collaborative development of blockchain-based distributed ledgers.

EOS- IS IT AN ETHEREUM KILLER?

• EOS is a blockchain-based, decentralized operating system, designed to support commercial-scale decentralized applications by providing all of the necessary core functionality, enabling businesses to build blockchain applications in a way similar to web-based applications. • EOS’s asynchronous communication and parallel processing provide scalability, while its ownership model eliminates transaction fees. These features make EOS…

NEO – CHINA’S ETHEREUM

NEO is still widely considered“China’s Ethereum” because it, like Ethereum, is aiming to build a platform on which other DApps or Decentralized Applications could be built by letting users execute smart contract code on their Blockchain. In fact, the first ICO on the NEO blockchain Red Pulse Token (RPX) was announced soon after the rebranding…

Blockchain Application Development Company

TEZOS- THE SELF AMENDING CRYPTOGRAPHIC LEDGER

Tezos is the first and only blockchain implementation operating with decentralized governance started by Arthur Breitman and Kathleen Breitman. The Breitmans also founded Dynamic Ledger Solutions (DLS), a company primarily focused on developing the Tezos technology and owns the Tezos intellectual property. The currency is being launched in an initial coin offering on July 1,…

BITWALKING: Generate Money by Walking

• Bitwalking is a digital currency introduced by project founders, Franky Imbesi and Nissan Bahar. • A free mobile application is used to count and convert a user’s steps into Bitwalking dollars. • Each Bitwalking dollar (BW$) is earned by walking approximately 10,000 steps, or 5 miles (8 km). While each BW$ will be equivalent…