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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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China Regulates Cryptography. The New Law Comes Into Force In 2020.

On October 26, the Chinese Congress passed a cryptography law, which is supposed to come into force on the 1st of January, 2020. What changes in the field...

Is Blockchain Going To Have Its Debut On Broadway?

Who would have thought that blockchain technology could be applied in the theater industry as well. It turns out that it is a powerful weapon in the...

Honda, General Motors, BMW, Ford and Renault Choose Blockchain!

According to a press release issued on the 14th of October by Nikkei Asian Review, five major car manufacturers will begin testing their blockchain-based vehicle identification...

Sacramento Kings Recognized Blockchain

Blockchain technology is gaining more and more supporters, also in the sport field. This time, Sacramento Kings, the NBA club, is reaching for this solution.Cooperation with the...

Wallmart Will Use Blockchain To Track the Shrimp Supply

Walmart, an American retail giant, has announced that, together with IBM, it will run a pilotage, in which it is to take advantage of blockchain technology...

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...
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