To understand what problem Bitcoin miners solve we have to first understand what SHA-256 is SHA-256 stands for “Secure Hash Algorithm” which is a Cryptographic Hash Algorithm. A cryptographic hash (sometimes called ‘digest’) is a kind of ‘signature’ for a text or a data file. SHA-256 generates an almost-unique 256-bit...
Gaming Potential For Blockchain As Real Adoption:Undoubtedly, blockchain is still on the look-out for its mass adoption, a perfect use-case that can set its path to becoming a usable technology adopted by wide users. Many think a digital form of currency can be the one but all hopes of adoption...
Do your best ideas come from sitting down, focused with a pad of paper, and trying to come up with them? Or do they come spontaneously, when you least expect them to? So where do great ideas come from? Great ideas are the product of processes. They are the product...
Location services or Intelligence is on the rise and according to many executives, it is one of the key marketing strategies for their company in 2018. Among all kinds of smartphone activities, getting location information is the most used service or universal task for smartphone users. 8 out of 10...
Krakow is a fascinating city that’s complex and surprising; it’s riddled with dark secrets, medieval legends and Polish myths aplenty. Vodka bars, Cafes, and brilliant buskers adorn the street corners making for one serious tourist attraction in Krakow. As you walk down into the busy streets of Krakow city center,...
“Media painted a bright future for decentralized applications for the public, But … “ In reality, Blockchain technology is still in its infant stage and scalability alone is not enough which unfortunately we see targeted nowadays in most new blockchain projects. To understand real challenges we need to tear down...
IoT introduction and current challenges it faces: “The Internet of Things (IoT) is taking the world by storm.” Millions of connected sensors and smart devices are being deployed on a daily basis in homes, cities, offices creating opportunities in cutting costs, reducing energy consumption, improving efficiency and customer services, and...
The online hotel reservation industry is blooming and people are relying more and more on the internet to book their hotels. One perfect example of this is booking.com. The business model of booking.com is simple, hotels partner with the site and provide information for their properties, which subsequently show up...
Currently, the transactions in blockchain like Bitcoin or Ethereum are public. Neither companies nor individuals are particularly keen on flashing their information onto a public database that can be read by anyone (like co-workers, or business competitors) without any restrictions. Let’s consider yourself at a coffee shop and paying for...
A consensus mechanism is used in blockchain systems to achieve the necessary agreement among distributed systems or participants on a single data value or a single state of the network. Let’s understand how in general agreements are made in the real-world. Rule of the majority Consider a group of people...
