CRYPTO
Latest news on DeFi
Within the broader cryptocurrency and blockchain business, the field of “decentralized finance,” or “DeFi,” focuses on offering a decentralized version of traditional financial opportunities. In the real world, financial organizations provide their clients with services like loans and cash storage. On the other hand, centralized organizations control these offers. DeFi solutions leverage distributed ledger technology…
SHOCKING INFORMATION!
2010 When Laszlo Hanyecz, a programmer, spent 10,000 bitcoin for two Papa John’s pizzas that were delivered on May 22, Bitcoin made history. Back then, the two pizzas were worth roughly $40; at the current bitcoin price, that transaction would be worth almost $660 million. WOOOW !!! Not too long afterward, Tokyo-based Bitcoin exchange Mt….
Did you know ? part 3
2008Thought to be a pseudonym used by a single person or group of people, Satoshi Nakamoto contributed to the creation of the original Bitcoin software and released a white paper outlining the idea of cryptocurrencies and blockchain. The white paper states that blockchain technology would enable safe peer-to-peer transactions without requiring the involvement of governments…
WOW…did you know ? – part 2
1999The term proof of work was published by Markus Jakobsson and Ari Juels. Additionally, the now-defunct peer-to-peer file sharing program Napster contributed to the P2P network’s popularity. Because Napster relied on a centralized server, some claimed that it was not a true P2P network. However, the service helped revitalize the P2P network by enabling the…
Did you know …?
1979The Merkle tree, so named in honor of mathematician and computer scientist Ralph Merkle, is one of the earliest pre-blockchain technologies. In his Stanford University doctoral thesis, he presented a method for digital signatures and public key distribution known as tree authentication. In the end, Merkle patented this concept as a way to offer digital…
WHY….HOW….WHEN ?
2008Thought to be a pseudonym used by a single person or group of people, Satoshi Nakamoto contributed to the creation of the original Bitcoin software and released a white paper outlining the idea of cryptocurrencies and blockchain. The white paper states that blockchain technology would enable safe peer-to-peer transactions without requiring the involvement of governments…
WHY & HOW part I ?
What is blockchain ? Blockchain is a kind of database that records transactions in a public ledger without requiring verification from a third party. Distributed on a peer-to-peer network, it is made up of data chunks that are joined to create an unbroken chain of unchangeable records. To prevent a single point of failure, every…
WHY & HOW part II ?
Why and how to make your first blockchain part II ? Blockchain’s journey has been turbulent since 2009, driven by the rise of erratic cryptocurrencies, but the technology has far deeper roots and a wider range of uses than Bitcoin.Still, for better or worse, most people associate blockchain with Bitcoin. Following Bitcoin’s launch, the blockchain…
How to make your first blockchain?
The first decentralized blockchain was conceptualized by a person (or group of people) known as Satoshi Nakamoto in 2008. Nakamoto improved the design in an important way using a Hashcash-like method to timestamp blocks without requiring them to be signed by a trusted party and introducing a difficulty parameter to stabilize the rate at which blocks are added to the…