blockchain_development

Why Could Blockchain Development Be the Solution of the Future?

Blockchain is an attractive solution if there is an intention or needs for the database to be decentralized. It is also a perfect choice if you want to achieve higher data security and safety. Through greater transparency, greater security and easier traceability, blockchain technology can bring many opportunities and numerous benefits to your business.

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Non-Fungible Tokens and What Are Those?

The Blockchain ecosystem is rapidly developing. Ethereum is definitely the technology that is at the forefront of this domain as one of the most used blockchains with most of the development and innovation happening on it. In that manner, it is not a surprise that we see the emergence of new tokenization concepts and smart contracts which are covering bigger spheres of business logic and implementation. Some of those are non-fungible tokens.

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Applications of Blockchain Technology in the Oil and Gas Industry

Blockchain technology reaches into all spheres and industries. Some are less prone to disruption while some a bit more. So how is one of the biggest industries of oil and gas standing in that ring? Ready for disruption? Absolutely.

According to research from IBISWorld, a globally recognized company in the field of business intelligence, the total revenue for the O&G industry was close to 2 trillion USD in 2017. This is only the number for the Upstream sector which is dealing with research, development, and operation of oil and gas fields. The Upstream sector contributes to roughly 2-3% of global GDP. In this article, we will try to explain what impact Blockchain technology in the Oil and Gas industry could have.

0x-protocol

0x an Open Protocol for Trustless, Low Friction Exchange of ERC20 Tokens

0x is an open protocol for decentralized exchanges, and in this article we will just give you a little bit of background and timeline on 0x protocol. We will describe the problem that 0x is trying to solve, and let you know about existing work that is done on it already. This article is an overview of Will Warren’s presentation about 0x protocol, which he held in Mexico at the Ethereum Foundation Developers Conference in November, 2017.

proof-of-work

Proof of Work – What it Is and How Does it Work?

In the blockchain industry we hear a lot about consensus algorithms, we debate about them and try to learn as much as possible. As you know, to reach consensus on the network Bitcoin is using proof of work (PoW). Ethereum is using it as well, but soon will replace it with proof of stake (PoS). Why would they do that? Well, there are a couple of reasons, PoS is more efficient than PoW could ever be. But, both of them have their pros and cons.

In this article, we will make an overview of proof of work consensus algorithm, its good and bad sides.

Atomic Swaps

Atomic Swaps and What the Hell are Those?

We have already written about decentralized exchanges and how they are slowly but steadily making their way on the crypto markets. It is a big deal after all. Centralised exchanges have their vulnerabilities as any other software, but the deal here is that they operate with large sums of actual money being exchanged by numerous traders. They are, in itself, a SPOF or a Single Point of Failure in the blockchain network. Therefore, concepts like atomic swaps come to the rescue.

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