Tag: blockchain technology

Nov 11 2022

IOT Cryptocurrency | Blockchain IOT for Less Vulnerability and More Efficiency

Nov 11 2022 Published at Coindoo under tags  blockchain technology

The fear that our entire world is built upon faulty information is more real than ever. And to tackle this issue, scientists have started to look for a more efficient economical environment by combining blockchain, IoT, and cryptocurrency into trustless systems. Trust is an essential concept that stands at the base of all human interactions and transactions. However, it weakened to the...

Blockchain 3.0 and Upcoming Updates

Nov 11 2022 Published at Coindoo under tags  blockchain technology

Blockchain is supposed to be a new technology that people still struggle to find applications for. Then, how does it come that people are already discussing Blockchain 3.0? Well, that’s because the standard for Blockchain 2.0 was already established by the Ethereum platform with its dapps and smart contracts. And even if Ethereum expanded the area of possibilities for decentralized ledger...

Nov 10 2022

Smart Contracts – More Than CryptoKitties

Nov 10 2022 Published at Coindoo under tags  blockchain technology

Smart contracts exploded onto the scene in 2017, thanks to CryptoKitties. They reached their peak popularity in 2018 when, in May, a CryptoKitty sold for $140,000. Since then, CryptoKitties have been fading in glory, but smart contracts have disappeared with them? Not at all! Smart contracts and their uses and...

Nov 09 2022

Digital Banking and What It Means for Cryptocurrency

The main idea with digital banking was to provide customers with a way to access and manage their bank accounts and finances through the internet. And it is indeed great to not have to go to the nearest ATM to check your balance every time you plan your spending. Thankfully, most established banking institutions have implemented internet banking to some degree. But when...

Nov 08 2022

A Brief History of Cryptocurrency and Bitcoin

Nov 08 2022 Published at Coindoo under tags  blockchain technology

Although brief, the history of cryptocurrency is quite eventful, fast-paced, and tangled with the evolution of blockchain. And believe it or not, blockchain is already reaching its third generation. During the banking crisis of 2008, the idea of a new decentralized financial system rose. People rallied behind its concept and started exploring new concepts and applications for it. And with an ever-growing community,...

What’s Up with Blockchain Interoperability?

Nov 08 2022 Published at Coindoo under tags  blockchain technology

The rapid evolution of Decentralized Finance has shown the importance of interconnection within the cryptocurrency world. So, blockchain interoperability is coming back into the discussion as a must instead of a buzzword. As for the hype, it is more or less gone. But interoperable blockchains are an absolute necessity for this technology to go forward. There are thousands of blockchain projects...

The New Digital Revolution | How Cryptocurrency is Reshaping The Internet

Nov 08 2022 Published at Coindoo under tags  blockchain technology

The cryptocurrency market continues to evolve and is slowly starting to bear fruit. In this article, we are going to explain to you how blockchain technology is currently changing the internet into something more decentralized. The new internet Since the beginning of the internet, user information has been tracked by tech giants and/or companies. This is why many people think that privacy is...

Nov 07 2022

Distributed Ledger Technology Demystified

Nov 07 2022 Published at Coindoo under tags  blockchain technology

With all the physical registries kept by different organizations in different places and databases that never communicate, it becomes quite troublesome to try proving you own something, even to simply buy/sell a proprietary. But that is meant to change through the implementation of Distributed Ledger Technology (DLT). A big part of our society's functioning relies on agreeing on facts. But when you have...

Nov 04 2022

Blockchain for Dummies – A Simple but Complete Guide

Nov 04 2022 Published at Coindoo under tags  blockchain technology

In a survey conducted by Deloitte on 1,386 senior executives, 80% responded that blockchain technology will be either critical (53%) or important (27%) to their organization's strategic development. More so, 86% believe that blockchain technology is broadly scalable and will achieve mainstream...

Oct 29 2022

Top 3 Blockchains for Non-Fungible Tokens (NFT) for 2023

Things have calmed down a bit in the bear market around NFTs has dropped significantly. But the NFT market is still changing and evolving, creating new opportunities for investors to profit with NFTs in the future. Which blockchains are currently relevant on the NFT market? In this article, we discuss the current situation around NFTs and list...

Oct 28 2022

Symmetric vs. Asymmetric – Encryption Made Simple

Oct 28 2022 Published at Coindoo under tags  blockchain technology

Nowadays, the way we communicate and interact with each other online has taken modern communication to the point where it looks like magic. But reaping the fruits of technology comes at a price – abandoning our privacy. With the development of the internet, actions such as hacking have become common, and their effects are often devastating. Encryption has been around for thousands of...

Oct 27 2022

7 Challenges to the widespread adoption of blockchain technology

With blockchain technology, people and processes alike have witnessed faster transactions, accuracy, and data security, however, some challenges have been attached to why the technology has not seen widespread adoption. In blockchain technology, users share ownership and administration of the network through computer nodes, making it a decentralized and distributed data network (ledger). Blockchain acts […] The post...

Oct 19 2022

Top 10 blockchain companies using AI

Blockchain and artificial intelligence (AI) are some of the most cutting-edge technologies available today, and both are having a significant impact on the way companies are run. Many blockchain companies now integrate the use of artificial intelligence (AI) in their day to day processes owning to some benefits. This article lists the top 10 blockchain […] The post...

Oct 13 2022

Top Public Companies Are Betting Big On Blockchain Technology

Blockchain technology is now so big that companies can no longer ignore it and some have already started taking the lead in integrating the technology into their businesses. The top companies around the world are currently betting big on the market, and according to a new report, a good chunk of the top 100 countries worldwide are already using blockchain technology. Top Companies...

Sep 23 2022

What is Web 3.0 and How Will It Change the Internet?

Sep 23 2022 Published at Coindoo under tags  blockchain technology

Communication technology seems to be the fastest field to evolve. And as we have passed from web 1.0 to web 2.0, naturally, we are already making a bolt towards web 3.0. The research on data communication for computer networks started in the ‘60s. By 1974, Vint Cerf, Yogen Dalal, and Carl Sunshine defined the base concept of the internet, Transmission Control Protocol (TCP) and Internet Protocol...

Sep 15 2022

Tips on how to own a blockchain startup

Launching a blockchain startup could be difficult, but with the appropriate plan, such a company could scale past the difficulties. Given the rapid development that blockchain technology is presently undergoing, many founders are looking to own their own blockchain startup. Without a question, blockchain technology will affect the world in exciting ways and we haven't […] The post...

Tips on how to own a blockchain startup

Launching a blockchain startup could be difficult, but with the appropriate plan, such a company could scale past the difficulties. Given the rapid development that blockchain technology is presently undergoing, many founders are looking to own their own blockchain startup. Without a question, blockchain technology will affect the world in exciting ways and we haven't […] The post...

Sep 01 2022

Mayo Clinic partners with Dutch Blockchain firm Triall

The American nonprofit medical center Mayo Clinic and the Dutch blockchain firm Triall have teamed up to improve clinical trial design and data administration, according to an announcement made on Thursday. A nonprofit organization dedicated to clinical practice, education, and research, Mayo Clinic offers expert, comprehensive care to anybody in need of recovery. According to […] The post...

Jul 31 2022

Impact of play-to-earn games on blockchain adoption

Play-to-earn games offers players the opportunity to earn NFTSs and cryptocurrency while having fun by playing the games. Given how popular the blockchain has become in the cryptocurrency world, It was only a matter of time until games jumped on the blockchain bandwagon and certainly, the number of blockchain or play-to-earn games is starting to […] The post...

Jul 22 2022

What is Telos Blockchain?- Is Blockchain Transaction Speed in 2022 Important?

It seems that the crypto market is slowly recovering. The bear market was tough yet during times like these, projects that persist in development by concentrating on expansion are often rewarded by users who are looking to put in long positions where powerful fundamentals trump the scarcity of short-term gains. This article is all about what is Telos blockchain and blockchain transaction...

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