Tag: Blockchain
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Permissionless Blockchain: Decentralized and open to the public
In the ever-evolving world of blockchain, the term “permissionless” holds significant weight. It represents a paradigm shift in how data is shared, transactions are processed, and trust is established – all without the need for centralized control. But what exactly does it mean, and how does it translate to the realm of permissionless blockchains? What…
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Exploring Multichain Technology
In the ever-evolving landscape of blockchain technology, fragmentation presents a significant challenge. With numerous blockchains boasting unique functionalities and ecosystems, navigating between them can be cumbersome and inefficient. Enter Multichain, a revolutionary protocol poised to bridge the gap and unlock a new era of interoperability. History of Multichain Pre-Multichain Era: Rise of the Multichain Ecosystem:…
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Blockchain Trilemma: 3 Challenges of Blockchain
Blockchain technology has transformed the way we perceive and engage with digital transactions. However, the path to mainstream adoption is not without its challenges. At the heart of these challenges lies the “Blockchain Trilemma,” a term used to describe the inherent difficulty in achieving a delicate balance between three crucial aspects: decentralization, security, and scalability.…
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Ethereum Merge: The Ethereum’s blockchain transition
In the ever-evolving realm of blockchain technology, the Ethereum Merge stands as a pivotal moment, marking a significant shift in the Ethereum network’s consensus mechanism and paving the way for a more sustainable, scalable, and secure future. This comprehensive guide delves into the intricacies of the Merge, exploring its technical underpinnings, far-reaching implications, and the…
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Blockchain Oracles and their Problems
The inability of smart contracts to access external data has been a significant limitation in the implementation of blockchain technology in various industries. Oracle has emerged as a solution to this problem, serving as an interface that delivers external data to smart contracts. The type of data delivered by an oracle can vary depending on…
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What is layer 1 in blockchain?
The fundamental framework of any system based on blockchain technology is the Layer 1 blockchain, as it sets the fundamental rules and protocols. While they may have certain drawbacks, Layer 1 solutions remain paramount in preserving the core principles of blockchain: decentralization and security. Moving forward, it is anticipated that improvements will center around boosting…