Blockchain

A brand-new revolutionary technology is rapidly gaining momentum. The blockchain technology, which was created in 2008 to serve Bitcoin when it launched a year later, is being used almost in every corner of our world. 

“The root problem with conventional currency is all the trust that’s required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts.” – wrote in an announcement Satoshi Nakamoto, a founder of Bitcoin. 

The blockchain is a public record of Bitcoin transactions in chronological order. The blockchain is shared between all Bitcoin users. It is used to verify the permanence of Bitcoin transactions and to prevent double spending. Majority of people use a trusted third party, for example, a bank to make a transaction. But blockchain allows both consumer and supplier to connect directly, eliminating the need for a middleman. 

How does Blockchain work? 

On a simple example, we will find out how this system works. Imagine you want to send Bitcoin (or some other cryptocurrency) to a friend, or sell it, that information will be available for every user on the blockchain. They might not know who you are, but they will know exactly how much trade coins have been transferred from one person to another.

The Bank Of Spain Has Launched The Test Of A Euro-Backed Stablecoin EURM
Jan 20, 2023 at 09:30
News
The Bank Of Spain Has Launched The Test Of A Euro-Backed Stablecoin EURM
The Bank of Spain has announced that it has begun testing the EURO backed stablecoin, called EURM. The new digital euro is based on the Ethereum and Polygon blockchain network.
Bluelight.inc Airdrop: An Event You Wouldn’t Want To Miss
Dec 03, 2022 at 12:40
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Bluelight.inc Airdrop: An Event You Wouldn’t Want To Miss
Even if you have never received a single airdrop which would be surprising given how often these events take place, here is the one you don’t want to miss: Bluelight.inc, a free-to-play simulator of a startup in virtual silicon valley called San Crypto, is launching an airdrop of the game’s internal token named $KALE, and is about to distribute $7000 worth of those.
​$250,000 for Bitcoin in 2023; Is the Crypto Winter Coming to an End?
Nov 18, 2022 at 13:00
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​$250,000 for Bitcoin in 2023; Is the Crypto Winter Coming to an End?
A well-known venture capitalist and cryptocurrency enthusiast Tim Draper believes Bitcoin will reach $250,000 as early as early 2023.
The Great Awakening: Ancient Ethereum Wallets Get Activated After Staying Dormant for more than 7 Years
Nov 16, 2022 at 14:00
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The Great Awakening: Ancient Ethereum Wallets Get Activated After Staying Dormant for more than 7 Years
Three Ethereum crypto wallets have been activated after being inactive for over 7 years. According to the Whale Alert blockchain tracker, all three wallets were created during the period of ETH ICO.
Polkadot - Functioning, Evolution, Facing Covid-19
Aug 25, 2022 at 10:20
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Polkadot - Functioning, Evolution, Facing Covid-19
While during the last week Polkadot, XRP and Dogecoin gained and other major cryptocurrencies slipped, it’s also important to take into account what greatly influences the fluctuations of your coins of interest in general and in greater terms than mere weekly updates, understanding why you need to pay attention to everything related to your coins of choice, thus becoming able to foresee the future of certain cryptocurrencies, managing your investments wisely and always with a step ahead of anything that could surprise you.
Around $2 Billion was Stolen in Cross-Chain Bridge Hacks in 2022; Half of the Funds Went to North Koreans
Aug 09, 2022 at 11:39
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Around $2 Billion was Stolen in Cross-Chain Bridge Hacks in 2022; Half of the Funds Went to North Koreans
Cross-chain bridge transactions are considered to be the weakest point of blockchain. This flow cost users about $2 billion in the first half of 2022.
Quadrans Lists on June 20th on P2PB2B
Jun 24, 2022 at 11:39
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Quadrans Lists on June 20th on P2PB2B
Quadrans: What is it?
Weekly Cryptocurrency Market Analysis: Altcoins in a Recent Breakdown as Cryptos Reach the Bottom of the Market
Jun 14, 2022 at 12:03
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Weekly Cryptocurrency Market Analysis: Altcoins in a Recent Breakdown as Cryptos Reach the Bottom of the Market
Virtually, cryptos' percentage performances are in the red due to the recent collapse. On Monday, June 13, the blockchain industry collectively collapsed as traders and investors expressed dismay over the current state of cryptos. The cryptos below are the altcoins that have performed the best despite the recent collapse.
PlanetNFT Runs Token Sale on P2PB2B
Jun 09, 2022 at 11:26
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PlanetNFT Runs Token Sale on P2PB2B
The token sale session for PlanetNFT is starting on May 25th at the P2PB2B exchange. When buying PNFT, users will get a 5% bonus additionally.
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