Blockchain is a Distributed ledger technology (DLT) that is used to store and record data. The ledger is a constantly updated and reviewed distributed list of transactions. One of the most important characteristics of a blockchain is its decentralized network of nodes. These nodes keep the Blockchain running 24 hours a day, evaluating and verifying …
51% attack in Blockchain Explained! How to prevent it Read More »
In the traditional sense, a snapshot is simply the captured state of a computer system at a specific point in time. Taking a photograph is similar to taking a snapshot. At a specific point in time, a person photographs the information on his server. So, what is snapshot in blockchain? A snapshot is frequently used …
What is Snapshot in Blockchain? A complete Guide Read More »
Blockchain nonce is one of the most significant aspects of blockchain cryptography. “Nonce” is a word dating back to Middle English for something only used once or temporarily. The following discussion offers you a detailed insight into What is the purpose of Nonce in Blockchain, why it’s used, and more! What is a Blockchain Nonce? …
What is the Purpose of Nonce in Blockchain? Explained! Read More »
What is a block in blockchain? Blocks make up the transactions in a blockchain. Transactions that have been added to the block cannot be reversed. Furthermore, once a block has been added to the chain, it cannot be changed. All information stored in blocks will remain there indefinitely as long as the blockchain exists. Blocks …
What is a Hash in Blockchain? It refers to an alphanumeric code that is generated by a specific algorithm. The Bitcoin hash algorithm, in particular, is SHA-256. Because the original data cannot be recovered through decryption, this algorithm is a one-way cryptographic function. The use of a cryptographic hash function in blockchain can help to …
A Block header is a section in a block that serves as an identifier or summary of the rest of the block. Block Header in Blockchain is Explained. What is a Block Header in Blockchain? A block header is a method of identifying individual blocks generated within a blockchain network, with each block containing its …
Block Header in Blockchain Explained! How it Works Read More »
The Genesis block is the first data block that is processed and validated to create a new blockchain. The 14th anniversary of Satoshi Nakamoto mining the first Bitcoin block occurred on January 3, 2023. When a new block is added to the blockchain, it refers to the previous one. However, there is no previous block …
What is a Genesis Block in Blockchain? Find Out Now! Read More »
Most investors think about profitable coins, tokens, and projects, but not about the blockchain networks that support them. Today we’ll be taking a deep dive into some of the most popular blockchain networks in 2023. But before we get right on that let’s look at the different types of blockchain networks and which one fits …
Most Popular Blockchain Networks in 2023: Best 5 Read More »
What is Blockchain? In short, it is a chain of blocks linked together for recording transactions, tracking assets, and building trust. Find out what is Blockchain and why it might be the future of finance. Blockchain History David Chaum, a cryptographer, proposed a blockchain-like protocol in his 1982 dissertation “Computer Systems Established, Maintained, and Trusted …
What is Blockchain? Why Blockchain is the Future Read More »