Tag: blockchain 101

by DailyCryptoInfo - 5 months ago

Who Does The Blockchain Affect?

When the internet was invented, most of those living at the time were oblivious to data being streamed across copper and optical cables around the world (lets not forget satellite and radio as well). Email before the email you know today, was extreme...

by DailyCryptoInfo - 5 months ago

Why Does The Blockchain Matter?

Blockchains operate like distributed databases. Picture a spreadsheet that is duplicated thousands of times across a network of computers. Then imagine that this network is designed to regularly update this spreadsheet and you have a basic understand...

by DailyCryptoInfo - 5 months ago

Top 5 Things To Know About The Blockchain

5 - Blockchain technology can make Supply Chain transactions documented in a permanent decentralized recordThey can also be monitored securely and transparently. This can greatly reduce time delays and human mistakes. It can also be used to monitor c...

by DailyCryptoInfo - 5 months ago

6 Reasons To Love Blockchain Technology

6 - Immutable (write only) historyThe blockchain is called a chain because it is not one gigantic database. It is more like several databases of blocks, sequenced in time, where each block is hashed. In bitcoin, this matters a lot because it uses pro...

by DailyCryptoInfo - 5 months ago

What Can a Blockchain Do?

Establish digital identity As discussed in our guide “What are the blockchain use cases?”, the identity component of blockchain technology is fulfilled through the use of cryptographic keys. Combining a public and private key creates a strong dig...

by DailyCryptoInfo - 5 months ago

What Are Blockchain Use Cases?

Blockchain has great technical features, it uses a distributed ledger technology, it is able to have smart contract logic encoded into it, and it is cryptographically secured. Important use cases which will greatly reduce inefficiencies and unlock v...

by DailyCryptoInfo - 5 months ago

How Does Blockchain Technology Work?

“The first thing that is interesting about the blockchain ledger is every record that is written on a blockchain ledger has a unique key that goes with it. If a majority of the nodes come to a consensus that the history and signature is valid, the...

by DailyCryptoInfo - 5 months ago

What is Blockchain?

The blockchain network lives in a state of consensus, one that automatically checks in with itself every ten minutes. A kind of self-auditing ecosystem of a digital value, the network reconciles every transaction that happens in ten-minute intervals...