blockchaintechnology Archive

Objectives of Blockchain Consensus Mechanism

The blockchain consensus protocol in a blockchain platform has several objectives, including reaching an agreement, collaboration, cooperation, equal rights for all nodes, and mandatory participation of all nodes in the consensus process. As a result, a consensus algorithm seeks to find a common agreement that benefits the entire network. Now we’ll look at the objectives

What Are Smart Contracts on the Blockchain?

We have talked about digital cash in the early days and here we are slowly the digital assets like bitcoins, ether and other cryptocurrencies are slowly becoming mainstream digital cash! Similarly, smart contracts are the digital versions of traditional contracts! They are the backbone of Ethereum and other reputed blockchains. Origin of Smart Contracts The

What is Blockchain Consensus Algorithm?

The main benefit of blockchain technology, as we are all aware, is that it is decentralized. Usually, in a centralized space, authority is in charge of setting the regulations. But how do they come to a consensus in a decentralized setting? This is where the Blockchain consensus algorithm comes into play! What is Consensus Algorithm? A

4 Ways To Begin Implementing Blockchain Into Your Business

The decentralized nature of blockchain technology has made it extremely useful for businesses of all sizes and in various industries. Its ability to increase transparency and security combined with its cost-effectiveness makes it an attractive tool for business owners who are looking for cutting-edge ways to grow their operations. But how does one begin implementing

Non Fungible Tokens

NFTs! Here is a hype in the air about all these NFTs and stuff! Celebrities, Artists, even models like Bella Hadid are talking about NFTs and releasing their NFTs. If you are wondering what this buzzword is everyone is talking about, then you are in the right place to learn all about NFTs!    What Are

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