Tag: Blockchain technology

Project Mano: Ethiopia’s Visionary Leap into Bitcoin Mining and AI Innovation

Ethiopia set to establish a $250 million bitcoin mining and AI data centre, led by the Russian bitcoin mining company BitCluster. The facility's...

From Vision to Reality: BSP’s Two-Year Plan for Wholesale CBDC Implementation

Governor Eli Remolona Jr. recently unveiled the BSP's ambitious endeavour, emphasizing a departure from blockchain technology in favour of a wholesale CBDC model. ...

After Legal Hurdles, Worldcoin’s World ID Project Eyes Restart in Kenya

The World ID project is gearing up to resume its activities in Kenya. Blania has announced the launch of WorldCoin World ID 2.0...

Blockchain Scalability complexities unravelled

The surge in blockchain transaction volumes precipitates network congestion, triggering delays in confirming and disseminating transactions. The exponential increase in transaction volumes directly...

Blockchain Disruption: Industries Next in Line for Decentralization and Transparency

Blockchain technology was initially created to support cryptocurrencies like Bitcoin. Government operations, cloud storage, real estate, digital advertising, intellectual property, sharing economy services,...

Ranking the top 10 cryptocurrencies by market capitalization

The crypto market cap represents a crucial metric for understanding the value of a digital currency. There are over 26,000 cryptocurrency projects currently,...

Akowe’s Blockchain solution revolutionizing academic verification in Nigeria

Lagos-based startup Akowe has developed a blockchain-based platform that promises to revolutionize the issuance and verification of academic records. Central to Akowe's innovative...

Cryptocurrency: a gateway to financial freedom

Cryptocurrencies represent a paradigm shift in the financial industry by providing consumers a new way to achieve financial freedom. Cryptocurrencies empower people to take control of their financial lives through decentralization, borderless transactions, investment opportunities, and increased anonymity. Given the nascency of the crypto ecosystem, investors are advised to focus on the long-term benefits of Bitcoin while reaping short-term gains in the process. Nonetheless, it is critical to approach cryptocurrency investments cautiously, investigate, and be aware of the risks. Individuals can utilize this revolutionary technology to achieve financial autonomy.

Momint allows South Africans to spend crypto in over 10000 stores

Blockchain technology is redefining how individuals interact with money, transcending borders and reshaping financial transactions. This integration empowers users to harness the potential...

The rise of Blockchain dating applications

Blockchain dating apps are transforming how people meet potential partners by leveraging the power of decentralized networks. In the context of dating applications,...

Zero-Knowledge Proofs in Blockchain

Zero-knowledge proofs represent a cryptographic technique where no information gets revealed during a transaction except for the interchange of some value known to both the prover and verifier, the two ends of the process. A zero-knowledge proof is a way of proving whether a particular statement is true without revealing it. Here, the ‘prover’ is the party trying to establish a claim, while the ‘verifier’ is responsible for validating the claim. In simpler terms, zero-knowledge proofs (ZKP) enable one party to prove to another party that they know something without sharing the information with another party to prove their knowledge.

Smart contracts role in commercializing blockchain technology

Smart contracts are self-executing contracts with the terms and conditions directly written into code. Predefined events and conditions trigger smart contracts, and once...

How Blockchain Technology revolutionizing the Internet

The internet has undoubtedly transformed our world, revolutionizing communication, transactions, and access to data. However, as we move forward into the future, new technologies are emerging that have the potential to reshape the Internet as we know it. One such technology is blockchain, a decentralized and secure system revolutionizing various industries.

Apps vs DApps: Exploring the Differences and Future Outlook

In today's digital landscape, applications (apps) have become integral to our lives. Mobile apps have transformed how we communicate, work, and entertain ourselves, from social media platforms to productivity tools. However, with the rise of blockchain technology, a new paradigm of decentralized applications (DApps) has emerged, challenging the traditional app landscape. This article explores the key differences between apps and DApps, their advantages and disadvantages, and provides insights into their future outlook.

A new crypto exchange EDX Markets launched

A new crypto exchange backed by firms including Fidelity Digital Assets, Charles Schwab Corp. and Citadel Securities has confirmed that it has gone live. This launch could reshape the digital-asset landscape amid heightened regulation and scrutiny of the cryptocurrency sector. EDX Markets is a new crypto exchange designed to meet both the needs of native digital assets firms and the largest financial institutions globally. The creators of EDX intended to enable faster, safer, and more efficient cryptocurrency trading, leveraging best practices from traditional financial markets on a purpose-built platform.

Bitcoin’s limited supply and how it affects it value

Bitcoin’s security is based on the proof-of-work concept, where miners compete to solve complex mathematical problems to add new blocks to the Blockchain. Bitcoin’s limited supply ensures that miners will always have rewards. The rewards incentivize miners to continue mining and securing the network. With the limit hardcoded into the Bitcoin protocol, nobody can alter on interfere, including miners and developers.