We all know what a database is. A database is a collection of tables that have related data organized in the form of rows. A database is typically stored in a centralized server, and if someone gets unauthorized access to the database server, then the entire data is compromised. FIVE BLOCKCHAIN SECURITY ISSUES AND SOLUTIONS […]
Decentralized finance, also known as DeFi, uses cryptocurrency and blockchain technology to manage financial transactions.Blockchain and cryptocurrency are the core technologies that enable decentralized finance.When making a transaction in a conventional checking account, it’s recorded in a private ledger—banking transaction history—which is owned and managed by a large financial institution. Blockchain is a decentralized, distributed public ledger […]
Smart contracts are self-executing contracts in which the contents of the buyer-seller agreement are inscribed directly into lines of code.According to Nick Szabo, an American computer scientist who devised a virtual currency called “Bit Gold” in 1998, Smart contracts are computerized transaction protocols that execute contract conditions.Using it makes the transactions traceable, transparent, and irreversible. […]
Web3.0 has become a catch-all term for the vision of a new, better internet. At its core, Web3 uses blockchains, cryptocurrencies, and NFTs to give power back to the users in the form of ownership. A 2020 post on Twitter said it best: Web1 was read-only, Web2 is read-write, and Web3 will be read-write-own. Top […]