Tag: Ethereum
2022 The Year of Blockchain & Its Frameworks
Blockchain is a strong backbone for businesses – Stuart Haber and W. Scott Stornetta authored a paper in 1991 detailing the preservation and protection of past data through the use of cryptography. This can be called the foundation of Blockchain.
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Blockchain as a POA – Proof of Authenticity
A special kind of technology i.e. “Block” and “Chain” in a context where the digital information (the “Block”) is stored in a distributed database (the “Chain”) as immutable ledger data, inherently resistant to attacks and malicious behaviours. To understand the word Blockchain we need to break it down and look at all the hidden items underneath. i.e
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Smart Contracts | Simple Plain Text
Smart contracts are hosted and executed on a distinct computer network known as a blockchain, such as Ethereum. This ensures that all aspects are accessible, secure, and unalterable. Smart contracts autonomously impose rules and stipulations without requiring human intervention. Smart contracts refer to software applications designed to facilitate the creation, verification, and implementation of contractual agreements. They make use of a sophisticated method known as blockchain to carry out their tasks. This cutting-edge technology enables them to carry out their tasks with a high degree of safety and efficiency.
