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Home Blockchain news

Blockchain news

Blockchain is a decentralized and distributed database in an open-source model, in a peer-to-peer character internet network (a communication model in a computer network that provides all its "hosts" with the same rights), without central computers and without a centralized storage space. It is encoded with the usage of cryptographic algorithms. Innovative and revolutionary blockchain technology is a public and open register that is accessible to virtually anyone. It is fully protected against unauthorized access, however, thanks to the complex cryptographic tools. Blockchain is mainly used for "booking" individual transactions, payments or accounting records. Generally speaking - its basic tasks are: storing and sending information about transactions concluded on the Internet, which are arranged in the shape of consecutive blocks of data. In practice, it means that one block includes information about a determined number of transactions. After its "saturation", another block of data is automatically created, then another block and one more, making a kind of a "chain". In this chain, every 10 minutes a new block appears and is sent, containing information about various commercial transactions, shares or stocks, sales, cryptocurrencies and electronic currencies. The block size depends both on the particular implementation as well as on the characteristics of the specific cryptocurrency. For instance, the size of a Bitcoin network block cannot be bigger than 1 MB, which is a direct result of the BTC protocol specification. Transactions are digitally signed with a public key cryptography. Although the transactions themselves are public, all users remain anonymous for the whole time. Although blockchain technology is currently used to service diverse transactions (trade, currency, stocks), there is an ongoing research on the usage of the blockchain as a banking book, document authentication system, digital signature in government administration, or notarization. All transactions under this technology could take place outside the system that has been functioning for centuries and, therefore, without the participation of public institutions, directly between the parties of the transaction. The blockchain - as the banking book of transactions, with the current technology and computing power of computers - cannot be faked. It is estimated that the power required to break the blockchain network equals... half the Internet! More reliable and valuable information as well as trivia about this cryptocurrency can be found in the Blockchain News category. It includes the most interesting information about the cryptocurrency world, useful for all cryptocurrency supporters. Interesting and extremely useful news available in the articles, make it easier to understand this difficult, constantly evolving industry and the innovative technology that surrounds us.
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Uruguay Is To Use Blockchain To Expand Marijuana Supplies!

On September 25, the Aeternity blockchain startup announced that it has established cooperation with Urugway Can in order to create a platform for managing cannabis supply chains. According to the issued press...

Blockchain Platfrom To Revolutionize the Coffee Industry

According to a press release issued by GrainChain, the company has concluded the contracts with stakeholders from the coffee industry across the Honduras (a Central American country).The...

A New Era of Smarter Food Safety

Food traceability is one of the basic pillars that ensure an increased level of consumer health protection. What role can blockchain and artificial intelligence play in it?The U.S....

Cryptocurrencies As an Essential Point For Sports Betting Companies

E-sport is enjoying a significant popularity growth and people are more and more eager to watch players equipped with controllers. How to make this sector even...

A New Blockchain Smartphone Samsung Galaxy Note 10 Soon On the Market!

Kakao, a South Korean technology giant, intends to open the acces to KLAY, its cryptocurrency, to Samsung phone users.KlaytnPhone with free tokensKLAY is a token of Kakao's...

Thailand Improves the Shipment Tracking Process Via TradeLens!

The number of supporters of the TradeLens platform is constantly growing. In order to increase their efficiency, organizations associated with transport decide to shift away from traditional...

US Air Force starts a partnership with Constellation Network

Large databases can be challenging for any organization. Blockchain technology may be an alternative solution to this problem.According to Constellation Network's press release, the company has signed...

A 25-year-old Man Ran an Exchange With No License

On Friday, a 25-year-old man was accused of operating a cryptocurrency exchange without the required license in Los Angeles. The Westwood resident pleaded guilty. Case details Kunal Kalra...

Is an Automotive Breakthrough Closer Thanks To Blockchain?

It looked like blockchain was introducing solutions only for online operations. Now, however, it can help improve everyday devices. A breakthrough in the automotive industry Researchers from the...

Ukrainian Atomic Power Plant Workers Arrested for Mining Cryptocurrencies

Employees of the Ukrainian atomic power plant were detained by security service agents. By using the plant's resources to mine cryptocurrencies they disclosed top-secret state data. According...
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