Smart contracts are computer programs that run on blockchains and can be used to automatically execute pre-programmed steps. They are intended to automate or reduce the amount of manual tasks involved in a number of business processes. The most common use case for smart contracts is a digital agreement between two parties. These smart contracts…
Blockchain is a decentralized, peer-to-peer database that records and verifies transactions by linking them together in secure, encrypted blocks that are unchangeable. It is a type of digital ledger that was created by Satoshi Nakamoto in 2008. A blockchain network includes a number of nodes, each of which has a copy of the data on…
Investing in Cryptocurrencies Cryptocurrencies are a new form of digital currency that use decentralized networks to store and transfer money. This technology is considered to be a disruptive force in the financial industry, causing many to consider whether it will replace national currencies and traditional forms of payment. There are several different types of cryptocurrencies,…
What Are DApps That Run on Ethereum? Ethereum is a decentralized platform that allows users to make and enforce contracts, called smart contracts. These contracts can be used for anything from facilitating the exchange of any digital asset to automating the performance of a legal agreement. It’s a software platform that runs on a blockchain…
Market cap is a number that reflects the total value of a company’s shares in the market. It is usually calculated by multiplying the number of outstanding shares by the current price per share. A stock’s market cap is a good way to assess the risk of investing in a specific company, especially if it…
Risk is a concept that is often used in different contexts. In a nutshell, it means the possibility of something bad happening. However, it is also a possibility that the outcome of a project will not be what is expected. For instance, an unexpected disruption might cost more energy than originally anticipated. And it may…
Bitcoin is a digital currency that was designed as a way to facilitate global financial transactions. This nifty piece of technology allows anyone to send and receive money across borders, and is deemed a major advance in computer science. In fact, the technology that powers bitcoin is so sophisticated that it can be compared to…
Smart contracts are software programs that can be programmed to perform specific tasks and are usually stored on a distributed ledger known as a blockchain. These are designed to provide security, reliability, and transparency in financial and business transactions. They can automate manual tasks like payroll processing, releasing payments to escrow providers, or mapping legal…
Unlike traditional forms of money, cryptocurrencies offer a new decentralized paradigm for money. They work by storing information about transactions in a digital ledger, called the “blockchain”. This keeps records of the same information, without requiring a third-party to verify each transaction. The blockchain is open and distributed, meaning anyone with a copy can view…
The blockchain is a secure database that is distributed across a network of participants. It is used to create an indelible audit trail that allows businesses to communicate, share data, and work together without a third party. Blockchain technology can be applied to various industries, including finance, manufacturing, and healthcare. For instance, the medical industry…