Blockchain is a decentralized and digitized open ledger that is used for all kinds of online transactions. It makes use of cryptography to secure all financial dealings and keeps the identity of online users a secret. It consists of overlapping blocks that can store huge amounts of data and is based on a peer-to-peer technology which can, in no way be altered. The primary Blockchain was implemented in the year 2009 by Satoshi Nakamoto as a major component of the first ever cryptocurrency named Bitcoin. It served as a financial ledger and later became the basis of distributed ledgers for different transactions.
Up until recently, the creation of Blockchain applications required complex coding, mathematics and cryptography, along with relevant data. However, the times have presumably changed with newer applications being developed and implemented faster than ever.
Founded in 2015, Ethereum relies on the designs of Bitcoin and its Blockchain technology, but is much more advanced in its operation. The Ethereum Blockchain is quite similar to that of Bitcoin and maintains a record of all the transaction history. The major difference, however, is that Ethereum's nodes hoard all the latest smart contract updates, along with all the monetary transactions. Ethereum makes use of open software and a decentralized technology for all its transactions. Unlike Bitcoin, Ethereum users mine Ether, a crypto token that runs the entire network. Ethereum is not only a tradeable currency, but is also a hot favorite of application developers when it comes to paying transaction fees and service charges on its platform.
In contrast to Bitcoin Blockchain, the Ethereum Blockchain has some great capabilities. First and foremost, it helps you to create smart contracts. A smart contract is nothing but a computer code which facilitates different exchanges online. A smart contract operating on a Blockchain can very well become a self-operating system which executes on its own whenever set conditions have been met. This is done without the slightest scope of downtime, censorship, fraudulence or interference from third parties. And the best part is, Ethereum gives developers the freedom to create new applications that are required for smooth functionality of the platform.
E-commerce, in simple words, is buying and selling products or services using an online platform. The internet is alre
Websites can be powerful marketing tools for advertising your products and services effectively online and today most businesses are using unique and
Mark Cuban June-05-2018
On 29th April 2018, UNICEF Australia proclaimed an initiative which allows a user to hand over his o
There was a time when 10,000 BTC coins would buy 2 pizzas. This was around 8 years back. Now, one
In its past reports, CCN made a note that the 8,200 USD resistance level seems to be a crucial st
Tony Scott May-16-2018
In a meeting with CNBC this Monday, i.e. 14th May, a top-rated policymaker of the US spoke in sup
Jeremy Liew May-08-2018
Sergey Brin, the co-founder of Google says Ethereum mining has assumed an important part in the curr
Tony Scott May-07-2018
The Bitcoin blockchain left its mark in April with the 17 millionth Bitcoin being mined. In case you
Tony Scott May-05-2018
Bitcoin and Ethereum are two world-renowned cryptocurrencies that have led the crypto market and sur
Jeremy Liew May-04-2018
Today, digital currencies are doing kind of things that investors and Wall Street have never seen be
After long, the world’s most popular cryptocurrency, Bitcoin seems to come back. The &lsquo