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5th May 2023
Decentralized applications, or dApps, are software programs that run on a blockchain or peer-to-peer (P2P) network of computers instead of on a single computer. Decentralized applications, or DApps (also called “dapps”) are thus outside the purview and control of a single authority. DApps are often built on the Ethereum platform. They have been developed for a variety of purposes including gaming, finance, and social media. Understanding Decentralized Applications (dApps) A web app such as Uber or Twitter runs on a computer system that is owned and operated by a company that has authority over the app and its workings. No matter how many users there are, the […]
31st May 2022
Blockchain oracles, also called blockchain middleware, are services that connect blockchains to external (off-chain) third-party clients and services. Oracles act as intermediaries between blockchains and external data sources by providing avenues for exchange between blockchains and third-party services and vice-versa. On smart contract blockchains, hybrid smart contracts (smart contracts that use oracles) use decentralized oracle networks (DONs) which examine, verify, and validate resources from external services for use on blockchains. Blockchains, by design, do not have data, as they are mere data structures and often need data from external sources to function — the data from the external source must […]
20th April 2021
What is Blockchain Technology? Transactional records are stored in the Blockchain technology which is known as the term “blocks”, of the public in multiple databases, which are known as “chains”. They are connected in a network through peer-to-peer nodes. “Digital ledger” is what this storage is typically referred to. Each transaction is authorized by a digital signature from the owner, which safeguards and authenticates the transaction from tampering. So the information that the “digital ledger” contains is very secure. Simply put, the digital ledger is just like a Google Spreadsheet that is shared with several computers in a network, where […]
20th February 2020
cross platform development company What is Blockchain Technology? Blockchain, sometimes referred to as Distributed Ledger Technology (DLT), makes the history of any digital asset unalterable and transparent through the use of decentralization and cryptographic hashing. cross platform development company A simple analogy for understanding blockchain technology is a Google Doc. When we create a document and share it with a group of people, the document is distributed instead of copied or transferred. This creates a decentralized distribution chain that gives everyone access to the document at the same time. No one is locked out awaiting changes from another party, while all modifications to […]
13th February 2020
ios Development In Junagadh The inevitable convergence of blockchain, IoT, and AI can form an impactful combination of security, interconnectivity, and autonomy to revolutionize the way things are done. ‘Synergy’ is a word that refers to a collaboration of entities that creates an impact much greater than that possible by the individual entities on their own. The convergence of blockchain, IoT, and AI is just that – a combination of technologies that have the potential to redefine the way businesses, industries, and even economies function, way more than they are already doing. A few applications and concepts have already seen […]