#bitcoin
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Centralized to Decentralized – Full Throttle!
After Silicon Valley Bank (SVB), a lender to startups, was taken over by regulators in the biggest U.S. bank failure since 2008, there were significant gains in the prices of crypto currencies led by Bitcoin this March, 2023. SVB had suffered major losses due to a combination of interest rate hikes by the Federal Reserve… Continue reading
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Proof of Work Vs. Proof of Stake
The two ultimate consensus mechanisms have strengths and weaknesses. Let’s discuss a bit… Proof of Work (PoW) and Proof of Stake (PoS) are two different consensus mechanisms used in blockchain networks to validate transactions and create new blocks. Here’s a brief comparison of the two: Proof of Work (PoW):PoW is the first and the most… Continue reading
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Comparing Gold and Real Estate with Bitcoin over a span of 10 years
Bitcoin has certainly been one of the most profitable assets over the past decade. Since its creation in 2009, Bitcoin’s price has gone through significant fluctuations, with some periods of rapid growth and others of significant declines. However, overall, the trend has been upward, and those who invested in Bitcoin in its early days have… Continue reading
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Decentralized economic model – brief introduction
A decentralized economy is an economic system that operates on a decentralized network, such as a blockchain, rather than being controlled by a central authority or institution, such as a government or a central bank. In a decentralized economy, the power to create, manage, and exchange value is distributed among the network participants, rather than… Continue reading
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Decentralized/distributed Ledger – Introducing Node powered decentralized ledger for recording of transactions
A decentralized ledger in blockchain is a type of distributed database technology that allows multiple parties to maintain a shared, secure, and tamper-proof record of transactions without the need for a central authority. In a decentralized ledger blockchain, each node on the network maintains a copy of the ledger, which contains a record of all… Continue reading
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Non Fungible Token – Introducing NFTs
NFTs, or Non-Fungible Tokens, are unique digital assets that are stored on a blockchain, which makes them secure and unalterable. Unlike cryptocurrencies such as Bitcoin or Ethereum, which are fungible and interchangeable, NFTs are unique and cannot be replicated. NFTs have become increasingly popular in recent years, and there are many potential uses for them.… Continue reading
