Computer Science and Computer Systems 101 Series.
Blockchain technology is based on the idea of decentralization, transparency, and security. One of the key challenges in blockchain technology is reaching consensus on the state of the ledger. Consensus mechanisms ensure that all nodes in the network agree on the current state of the blockchain. Proof of Work (PoW) is a consensus mechanism that…
Blockchain technology is based on the idea of decentralization, transparency, and security. One of the key challenges in blockchain technology is reaching consensus on the state of the ledger. Consensus mechanisms ensure that all nodes in the network agree on the current state of the blockchain. Proof of Stake (PoS) is a consensus mechanism that…
Uniswap is a decentralized exchange (DEX) that was launched in 2018. It is built on the . Uniswap is a fully decentralized platform, which means that it is not controlled by any central authority or organization. The key feature of Uniswap is its , which allow users to trade cryptocurrencies without the need for a…
Ethereum is a decentralized blockchain platform that enables developers to build and deploy decentralized applications (dApps) on the blockchain. Ethereum was created in 2014 by Vitalik Buterin and has since become one of the most popular blockchain platforms in the world. In this article, we’ll provide a development history of Ethereum, an overview of its…
CalDAV and CardDAV are application layer computer network protocols that enable users to synchronize and manage their calendar (CalDAV) and contact (CardDAV) data across multiple devices and platforms. These open standards protocols leverage the (World Wide Web Distributed Authoring and Versioning) protocol, which provides a framework for users to create, change, and move documents on…
Decentralization is a concept about control and management. It refers to that the control and decision-making in a distributed network are transferred away from a centralized entity (individual, organization, or group thereof). The resources in a decentralized network are owned and shared by network members. This concept is particularly significant in the world of blockchain…
Cryptographic tokens, or crypto tokens, are tradable digital units of assets that reside on blockchains. These tokens have become increasingly popular in recent years due to the rise of cryptocurrencies and the growing interest in non-fungible tokens (NFTs). Both fungible and non-fungible tokens play a significant role in the world of blockchain technology and digital…
What is NFT? Non-Fungible Token (NFT) is a kind of blockchains. What distinguishes NFTs from fungible , and ownership of the NFT is often associated with a license to use the underlying asset. There are standards or convensions for NFTs on blockchain. For example, ERC-721 is a standard for representing non-fungible digital assets on the…
A cryptographic hash function is a hash function that satisfies the properties of pre-image resistance, second pre-image resistance and collision resistance. Here, a hash function is a mathematical algorithm that maps data of an arbitrary size (or “message”) to a bit array of a fixed size (the “hash value”, “hash”, or “message digest”), that is,…
A cryptocurrency (or Blockchain networks for secure and transparent transactions. Blockchains play a crucial role in maintaining the integrity and immutability of transactional data for cryptocurrencies, making them a reliable and efficient medium of exchange. Decentralized blockchain networks form the backbone of many cryptocurrencies, ensuring a high level of security and preventing fraudulent activities such…
Bitcoin is the world’s first cryptocurrency on the Bitcoin blockchain network. BTC has gained significant popularity since its inception in 2009. It functions as a decentralized, peer-to-peer electronic cash system, allowing users to make transactions without the need for a central authority. Bitcoin History Bitcoin’s story begins with the release of a whitepaper by an…
What is blockchain? Blockchain is a specific type of database with special data organization and properties. Blockchains store data in blocks that are then cryptographically chained together in the chronological order one by one, with the block chained onto the previous block. Data commonly stored in blockchains are transactions for Distributed Ledgers. The transactions are…