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About aishwarya1996

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  1. Greetings to the ‘Layer 2’ era. We are going to dive into the new phase of blockchain development wherein, big strides of scalability, interoperability and functionality are promised by the lightning network and other programming solutions that operate “on peak” of existing blockchains. There is still a lot of unfinished work that has to be done. The early technology is a bit buggy, new security and trust solutions are to be looked upon when computing activity in individual transactions or smart contracts are taken “off – chain.” But in reducing the heavy, multi-party computation that blockchains carry while ensuring that transaction histories are at some point anchored by “on-chain” consensus algorithms, there’s something of a best-of-both-worlds promise in these ideas...read more- https://www.digixhub.com/layer-2-a-bigger-picture-of-blockchain-technology/
  2. Advertisements, infographics, articles and more, all included in Hong Kong’s latest effort to educate the public on initial coin offerings (ICOs) and cryptocurrencies. According to a recent press release, Hong Kong’s Financial Services and Treasury Bureau (FSTB), and Investor Education Center (IEC) have launched a public campaign to both educate and warn investors about the “risks” associated with both initial coin offerings and cryptocurrencies. Included in the campaign are advertisements to be placed throughout Hong Kong’s public transit system, television and radio advertisements, and even government-sponsored educational videos to be posted on social media. According to Under Secretary for the FSTB, Joseph Chan, the aim of the program is to provide a “correct and comprehensive understanding of ICOs and cryptocurrencies” so that the public has a better idea of what they’re investing in. This wouldn’t be the first time that a country has pushed for a government-sponsored educational program on cryptocurrencies and ICOs. Just a few months ago, the Russian government announced a suggestion to include cryptocurrency in their financial literacy improvement strategy in order to educate the public on associated risks...read more- https://www.digixhub.com/hong-kong-govt-offers-crash-course-cryptocurrency/
  3. Today we will see what is the difference between the blockchain and a traditional database. To understand the difference let us know about their structure first and then go through other important points. What is a Traditional Blockchain? A traditional database running on the world wide web uses client-server network architecture. The data is stored in a centralized server, wherein a user (client ) with the permission associated with thier accounts can modify data. A designated authority has controls the database and before providing the access to database, the authority authenticates the credentials of the client. Every time the client accesses the database using their computer, they will get a updated version of the database. The authority lies with the designated authority and responsible for administration of the database, if by any means the security of the authority is compromised, the data can be altered, or even deleted...read more- https://www.digixhub.com/the-difference-between-blockchain-and-traditional-database/
  4. Private blockchain are also known as Permissioned blockchain. They are totally opposite of public blockchains. Unlike public blockchain, one cant read, write or audit the blockchain anytime unless the one has the permission to do so. The private blockchain is divided into three primary levels. Fully Public : As in public blockchain, anyone can access the blockchain and contribute as a user to the working of the network. Consortium : It has some control over the consensus like who can be a part of the consensus network. This means, specific nodes control the full network and the transactions that are taking place. Through this blockchain, there is certain level of access provided to the user to read and write in the blockchain. Fully Private : This is a fully centralized database and one entity has the full control over the network. This a very different concept then of Bitcoin which actually makes it different...read more- https://www.digixhub.com/know-more-about-private-blockchain/
  5. The Public blockchain is a network that is completely open to everyone without any exceptions and is allowed to participate in all the core activities of the blockchain network. It allows anyone to join, leave, write, read and audit the ongoing activities on the public blockchain network. This helps the public blockchain to maintain its self-governed nature. With the public blockchain, one can even download it to their computer and can actually go through the history of the blockchain. It can also be used to send and receive money and to even create smart contracts within the blockchain. Another feature of the public blockchain is “mining,” it is used to reward the users who are putting their heart and soul in maintaining the network. The key feature of this public blockchain or distributed ledger technology is that it is decentralized. This means each and every user or node is equal, blockchain is unchangeable, DDoS resistant, and censorship free. There is no point of attack and the hackers cannot alter or tamper with this information. This is because the information is encrypted and is stored on millions of devices that own the copy of the blockchain. The fact is the more people that join the blockchain network, the more secure it becomes...read more- https://www.digixhub.com/know-more-about-public-blockchain/
  6. What do you mean by “fork”? “Fork” is a phrase that describes any divergence in a blockchain protocol. A simpler way to understand it would be the scenario wherein split occurs. They are very common when it comes to computing software. Example: Most of the altcoins have started with the codebase of “Bitcoin,” they have done it “fork” into their own version. Cryptocurrency Fork Let us look deeper into cryptocurrency to have a better understanding of cryptocurrency fork. Cryptocurrencies basically work on the blockchain technology, which is a distributed ledger built of continuously expanding data blocks. The technology operates as a decentralized network, the system users have to agree to a set of rules for how transactions are verified and added to the blockchain ledger. This process is named as “consensus” and this is what forms the true record of the blockchain...read more- https://www.digixhub.com/understanding-hard-fork-and-soft-fork-in-the-cryptocurrency-world/
  7. As of 14 June, a local outlet Edaily reported that South Korea has revealed the plans to launch a blockchain centre in the city of Busan which will be modeled on the Swiss Crypto Valley. Oh Jung-geun, the chairman of the Korea ICT Financial Convergence Association at a recent blockchain event in Seoul “2018 Global Blockchain Conference,” claimed that the organisation wishes to build a space similar to the “Crypto Valley” located in the Swiss canton of Zug. Oh Jung-geun said “We need a place to concentrate on the cryptographic industry in Korea like the Crypto Valley in Switzerland.”...read more- Inspired by Switzerland's "Crypto Valley," South Korea to Develop "Crypto Beach" As of 14 June, a local outlet Edaily reported that South Korea has revealed the plans to launch a blockchain centre in the city of Busan which will be modeled on the Swiss Crypto Valley.
  8. There has been a lot of hype about a word this year and everyone loves talking about it, is cryptocurrency. There are so many cryptocurrencies in the market now from blockbuster coins like bitcoins and ethereum to the newest coin like FantasyGold. So far, 1586 cryptocurrencies are listed in coinmarketcap.com and the main reason why we see so many cryptocurrencies is blockchain technology. With the help of blockchain technology developers get an opportunity to create different cryptocurrencies with different functionalities and as we all know no one really controls blockchain technology so anyone who has knowledge of blockchain technology can develop their own virtual cryptocurrency of their own idea so if you are not convinced with the existing cryptocurrencies and want to consider looking into investing in an initial coin offering, you can and then ICO comes into the picture and plays really important part. So, What is ICO? Suppose you are coming up with a great idea for a new cryptocurrency system so first thing you need to worry about getting money for your cryptocurrency project so what you can do, either you will go to banks or will try to get venture capitalist investors for your project but there is a way through which you need not worry about giving up any of the ownership of your company which is, ICO...read more- What is initial coin offering(ICO) and how does it work? What mainly initial coin offering is and what problem it consist of and about what processes it takes to complete. We have all details related to ICOs.
  9. The founder of blockchain media and a blockchain researcher, Clay Space recently helped the crypto world by experimenting with AI as they help them to feed 100 initial coin offering (ICO) whitepapers and then eventually after doing all the research, AI has produced a crypto whitepaper by their own. As we know AI and machine learning are revolutionizing business space and helping organizations to achieve key goals, obtain actionable insights, perfect analysis through which innovative products and services are producing. So by utilizing AI and machine learning, Clay space has given them enough knowledge of crypto whitepapers by feeding them 100 ICO papers and so helped them to write a complete crypto whitepaper which resembles the structure of existing crypto whitepaper...read more- https://www.digixhub.com/an-ai-system-has-published-a-crypto-whitepaper-after-reading-100-ico-papers/
  10. The Supreme court of India refused to abolish a ban laid by the Reserve Bank Of India (RBI) on making transactions via cryptocurrencies. This would censor cryptocurrencies in the country. India is the third largest economy in Asia. Bitcoin cannot be treated as currency under India’s existing law, It imposes that currency used as a medium of exchange must be made either from metal or exist in a physical form and needs to be stamped by the government said the RBI during the court hearing. The court was headed by Chief Justice Dipak Misra, who said that the ban on banks and other financial institutions providing any services related to cryptocurrencies will remain implemented, Bloomberg reported. Initially, all institutions were given three months to cease such operations, effective from April 6th...read more- https://www.digixhub.com/crypto-banned-in-india/
  11. While the crypto market is plummeting and research and analysis are going on and on, to make the economy better than the existing one and so the blockchain technology is getting more talked about. Every now and then, innovation of these technologies and implementations are taking place and people are looking for adopting them for the best way possible and amidst all of the things, the term ‘decentralization’ has caught attention a lot but the existing economy which emphasizes decentralization, cryptocurrency has ironically still dependent on centralized platforms of exchanges basically. The great irony is that through cryptocurrency which enabled us to do transactions peer to peer still we are dependent on a third party to exchange them...read more- https://www.digixhub.com/atomic-cross-chain-swaps-the-future-of-crypto-trading/

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