While blockchain technology involves the secure transfer and storage of information on a distributed network of computers, it does so without relying on any third-party regulator to govern its functioning. Today, blockchains are an integral part of cryptocurrencies and continue to play an important role in guaranteeing the anonymity and security of the many digital assets. As the blockchain technology is ever-evolving, it has introduced a slew of features that have enabled it to become increasincontinue reading →
Cryptocurrencies can be considered both Peter Pans and Jack’s beanstalks of the world of technology. They seem to keep the curiosity, they never grow old, and at the same time, they grow bigger and bigger with every passing day! In all of these, cryptocurrencies – and many digital currencies for that matter – have grown without any backing of physical assets.
While this growth might be deemed as a great advantage by people who want to reap Return on Investments, the lack of physical backing forcontinue reading →
ERC stands for Ethereum Requests for Comments and is used by Ethereum developers. In order to execute a token in the Ethereum ecosystem, the developers need to abide by a set of rules established by the ERC. Tokens developed compliant to ERCs called ERC tokens have become popular over the years. The property of the ERC token that attracts its users most is the fact that it can be traded. This exchange is possible only if its value is standard. Let’s look at two well-known ERC tokens and their chcontinue reading →
Smart contracts are digital contracts that are self-executing and do not require any human intervention to function. They are coded in with predetermined conditions that the involved parties have to fulfill so that smart contracts can execute themselves. Stablecoins, coins whose value is controlled by smart contracts are known as the holy grail of cryptocurrencies. They provide the following benefits:
- Backed by a stable asset
- Store of value
- Low volatility
Looking for smart contract develcontinue reading →
Blockchain should be given the credit for transmuting the meaning of the word ‘ledger’. Once thought to be an archaic reference to record keeping, it has now made a comeback into the world of technology. The blockchain is a transparent, immutable, decentralized, and secure digital ledger that can be used for record keeping.
These attributes bring in a lot of applications across various industries, including, but not limited to, healthcare, real estate, politics, and above everything, finance! Icontinue reading →
Blockchain technology has applications that are too many to count and can transform the enterprises that implement it. This futuristic technology when incorporated into enterprises, can create a more efficient system.
What makes blockchain technology perfect for enterprises?
- Transactions take place without middlemen. This reduces the costs involved and also heightens the privacy of business operations.
- Data is stored securely on the network. The possibilities for a security breach ar
Smart contracts are automated and run on blockchain technology. Once a smart contract is created, it cannot be altered. For this purpose, it is necessary to run them through checks and audits. Blockchain App Factory performs thorough Ethereum Smart contract auditing to ensure that your smart contracts are developed perfectly without any glitch.continue reading →
Smart contracts are self-executing contracts that run on blockchain technology. They follow a certain protocol. The conditions that are coded into the contract need to be met so that it is executed.
A Dapp is a decentralized application that is connected to blockchain using smart contracts. They are computer applications that work on a peer-to-peer system.
It is a common misconception that smart contracts and decentralized apps are the same thing. But this is not true. They both operate withcontinue reading →
Technology is evolving every day and blockchain is one of the latest hits in the market. Implementing advanced technology in business has never been this easy. With the help of skilled blockchain app developers, you can build your business empire in the blink of an eye. Blockchain App Factory can guide you through the entire process.continue reading →
Blockchain is widely known for its nature of being decentralized. Decentralization eliminates middlemen, thereby creating a system that is more secure and private. There is no central point of storage.
Blockchain is distributed, allowing data to spread out onto various nodes that constantly verify it. This eliminates the chances of data loss and manipulation.
Blockchain is not vulnerable to hacking. The network is encrypted and analyzed by the entire network. Therefore breaching the networkcontinue reading →