A blockchain oracle is a third-party service or software that provides off-chain data to a blockchain smart contract. The decentralized web3 ecosystem requires access to existing legacy systems, advanced computations, and data sources. Decentralized oracle networks facilitate the creation of hybrid smart contracts. Hybrid smart contracts combine code running on the blockchain (on-chain data) and […]
On April 12, 2023, Ethereum will undergo its first major upgrade, also called a Shanghai’s hard fork, since September when it switched to a proof-of-stake system. Ethereum’s upcoming “Shanghai” upgrade will allow validators to withdraw 16 million staked ether (ETH) once it is complete. So, what exactly Shanghai’s hard fork is? Let’s explore it in […]
Blockchain is a complex digital framework where transactions are recorded in a decentralized manner. It’s a digital ledger that differs from other databases since information is stored in blocks that are chained together and distributed among other users, meaning every time a transaction is made on the blockchain, a record is added to every user’s […]
Blockchain technology since the early 2000s has witnessed several transformations (small and big) in a few industries. The financial services and products industry, where the movie started, is experiencing another alteration that will make security turn much more effective and robust. This piece will talk about the modification of Real-Time Gross Settlement through the hyper-ledger […]
The effects of greenhouse gas emissions are being felt all over the world. Even our most basic activities have subtle carbon emissions that we are not fully aware of. Every financial transaction we make leaves a carbon footprint, from filling up our car with gas or booking a flight to even the most subtle ones […]
With an increase in the utilization and popularity of bitcoins and the overall blockchain ecosystem, anonymousness in transactions is becoming the preference of many users. There’s some distinction between anonymity while transacting via cryptocurrency, and anonymity while using a search engine. As Bitcoin’s one of the many fundamental principles is decentralization, keeping some portion of […]
There are many myths and common traps surrounding blockchain that are hindering businesses from fully harnessing their true potential. Although the technology is now past the “trough of disillusionment” phase, many business executives are still not fully confident in their understanding of blockchain.Debunking these blockchain traps can help business leaders track a path to achieve success […]
Blockchain has entered its third generation and the key target is enterprises. In its metamorphosis it has taken Bitcoin and Ethereum’s most useful features and tailored them to suit the growing needs of large organizations looking for tracking, traceability, confidentiality, transparency, operational cost reduction and transaction cost reduction. When looking for a blockchain solution, most […]
According to a survey earlier this year there are about 9150 active blockchain projects in the GitHub repository. Each one of these projects has its protocol and programming language to ensure security, scalability and privacy. To make these blockchain projects future-proof they should be standardized, thereby allowing them to interact and transact with other existing […]
