Blockchain and Internet of Things (IoT)
The Internet of Things (IoT) refers to the network of physical devices embedded with sensors, software, and other technologies that connect and exchange data over the internet. These devices, which….
Tag: decentralization
Ethical considerations in Blockchain projects
Blockchain technology, while praised for its decentralized nature, security, and transparency, also raises various ethical concerns that must be addressed to ensure that its widespread adoption benefits society as a….
The role of miners and validators
Miners and validators play a central role in the functioning and security of blockchain networks. While they perform similar tasks in maintaining the ledger and achieving consensus, the methods and….
Blockchain node types (Full nodes, Light nodes)
In blockchain networks, nodes play a critical role in maintaining the distributed ledger. A node refers to a device (such as a computer or server) that is part of the….
Scalability, security, and decentralization trade-offs (Blockchain trilemma)
The Blockchain Trilemma—a term popularized by Ethereum co-founder Vitalik Buterin—refers to the challenge of optimizing three core attributes of a blockchain network: Scalability, Security, and Decentralization. According to this concept,….
Blockchain and GDPR compliance
Blockchain technology, known for its decentralization, transparency, and immutability, presents unique challenges and opportunities when it comes to legal frameworks like the General Data Protection Regulation (GDPR). The GDPR, which….
What is a Cryptocurrency?
Cryptocurrency is a form of digital or virtual currency that uses cryptography for security and operates on decentralized networks, typically based on blockchain technology. Unlike traditional currencies issued by governments….
How Smart Contracts work
A smart contract is a self-executing contract with the terms of the agreement directly written into code. They operate on blockchain platforms and are used to facilitate, verify, or enforce….
Bitcoin Blockchain overview
Bitcoin is the first and most widely known application of blockchain technology. Introduced in 2008 by an anonymous person or group under the pseudonym Satoshi Nakamoto, Bitcoin aimed to create….
Future of consensus mechanisms
As blockchain technology continues to evolve, so do the consensus mechanisms that ensure the integrity, security, and decentralization of networks. Consensus mechanisms play a crucial role in maintaining the trust….