The concept of Smart Contracts predates Bitcoin. On the contrary, it was actually first proposed by Nick Szabo back in 1994. He is an American computer scientist, a legal scholar as well as a cryptographer, and the man who invented a virtual currency called “Bit Gold”, ten years before the inception of Bitcoin.
Author: BlockchainJournal
Read More
The storage of cryptocurrencies is of great importance and relevance especially at a time when the industry is witnessing a rapid mushrooming of products and services. MetaMask is one of the world’s most popular web wallets that is used to interact with the Ethereum network.
Decentralized finance, or as popularly known as DeFi is a novel financial system that has managed to capture the imagination of many. It is basically an umbrella term to identify a host of financial applications in the cryptocurrency or blockchain industry that are focused on revolutionizing archaic financial intermediaries.
Blockchain technology or Distributed Ledger Technology [DLT] is similar to a database which contains information that is stored electronically. Easily put, blockchain is essentially a shared, immutable ledger that enables the process of documenting transactions and tracking various assets on a network.
Cardano (ADA) has become one of the fastest-growing blockchain assets in the entire cryptocurrency realm. Its approach is unique in the industry itself since it is built on scientific philosophy and peer-reviewed academic research. Cardano is unique in comparison with other digital currency projects such as Bitcoin for several reasons.
The US Securities and Exchange Commission (SEC) still believes that the first cryptocurrency is not a security. According to The Block, Cipher Technologies Bitcoin Fund has applied for registration of a closed interval fund and an investment company. The submitted documents indicate that Bitcoin is a security. SEC staff did not agree with this information, citing the test […]
The Tech Week platform brings together the best entrepreneurs from different parts of the Russian Federation and abroad twice a year. At the autumn meeting, the organizers plan to gather 2,000 people. The conference will bring together more than 200 speakers, among which 5 leading foreign entrepreneurs are scheduled to speak. Traditionally, an exhibition of smart projects to solve business problems will function during the event. Promo video of the event : [embedded content] Tech Week 19 is a four-day applied conference and exhibition on innovative technologies for business. Unlike other events, Tech Week is a huge educational hub where…
Litecoin (LTC) , currently the fourth largest cryptocurrency by market capitalization, halved – halving the block reward for miners . Halving occurred at 1,680,000 at 10:16 UTC on Monday, changing the block reward from 25 LTC to 12.5 LTC. “This event marks a major milestone for miners, as the litecoin network halved the reward for mining, it happens every 840,000 blocks (about every four years).” Considering that the production time of blocks in the litecoin network is about one block every 2.5 minutes, approximately 576 blocks are produced every 24 hours, while a new stock of 7200 LTC comes to…
A FPGA (user-programmable gate array) is a cryptocurrency mining equipment that is very similar to an ASIC except for one key feature. ASIC is a chip that is hard-coded to perform one type of computation (for example, for Equihash mining). An FPGA is a chip that can optionally be reprogrammed to perform any operations . In the field of mining, you can reconfigure FPGA from Cryptonight mining to Lyra2z mining in seconds. With processors and video cards, this can also be done, but for certain reasons, FPGA runs much faster. It is known that certain FPGA boards work 100 times…
According to the Coin Dance service, by now Bitcoin has 111 States legalized to one degree or another. Resource analysts emphasize that Nigeria occupies a special place in the ranking, where bitcoin operations can be carried out, but such transactions do not comply with local legislation. According to the latest data, in the last 24 hours, the total volume of transactions using BTC paired with the Nigerian naira was about 0.03% of the total volume of transactions with the largest digital currency. In Indonesia , bitcoin operations are not formally prohibited, but they are “limited”. In Vietnam, you can legitimately…
