What is Cryptography?

Cryptography 

Cryptography  Cryptography is a technique for encrypting communications and information so that only the target demographic can read and comprehend it. In computer science, the term “cryptography” refers to safe information and communication methods that use mathematical principles and a system of computations based on rules, or “algorithms,” to change messages in ways that are […]
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What is Litecoin?

Litecoin

Litecoin A schism in the bitcoin blockchain led to the creation of Litecoin (LTC) in 2011. It alleviated the developer’s worries that Bitcoin was getting more centralized and made it harder for large-scale mining companies to dominate the mining process. Although it ultimately failed to stop commercial miners from monopolizing the majority of Litecoin mining, […]
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What is Liquidity Mining?

Liquidity Mining

Liquidity Mining Like borrowing costs on standard savings accounts or certificates of deposit, many cryptocurrency investors desire an annual yield on their assets. One of the most widely used strategies for achieving this objective is liquidity mining. By engaging in viability mining, you consent to use your crypto tokens as a source of funding by […]
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What is Consortium Blockchain?

Consortium Blockchain

Consortium Blockchain A set of blockchain systems, each controlled by a different agency, that has joined forces to share information to enhance current processes, integrity, and accountability is “consortium blockchain.” Blockchain technology is the holding of records/knowledge in a chain of virtual blocks connected to each other because of hash algorithms, increasing the confidentiality of […]
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What is Atomic Swap?

Atomic Swap

Atomic Swap A cryptocurrency trade known as an atomic swap involves two different blockchains. Without the services of a neutral source, we carry out the swap between the two companies. The goal is to give cryptocurrency investors complete control by eliminating centralized facilitators like organized exchanges. The term “atomic” comes from the concept of an […]
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What is Initial Coin Offering (ICO)?

Initial Coin Offering (ICO)

Initial Coin Offering (ICO) In cryptocurrencies and blockchain technology, a capital-raising operation is an initial coin offering (ICO). We can think of the ICO as a cryptocurrency-based initial public offering (IPO). It is not, however, the most accurate comparison because there are some significant distinctions between the two funding strategies. Startups primarily use an ICO […]
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What is Private Blockchain?

Private Blockchain

Private Blockchain We will cover the principles of private distributed ledger technology in this article and analyze its operation. In every article we read about blockchain technology, we constantly hear the same thing: that it is decentralized. At times, we consider it to be a significant movement against profit-driven businesses. But is that the case? […]
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What is Blockchain Mining Hardware?

Blockchain Mining Hardware

Blockchain Mining Hardware The method of circulation of Bitcoin is known as bitcoin mining. It is an essential part of the construction and maintenance of the blockchain ledger and how the network validates recent transactions. “Blockchain Mining” involves employing advanced hardware to tackle a very challenging computational arithmetic problem. Mining for cryptocurrencies is time-consuming, expensive, […]
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What is Simplified Payment Verification (SPV)?

Simplified Payment Verification (SPV)

Simplified Payment Verification (SPV) The Bitcoin whitepaper’s section 8 describes Simplified Payment Verification (SPV). Employing the features of Merkle proofs enables a transaction recipient to demonstrate that the sender controls the underlying funds of the payment they are presenting without downloading the entire Blockchain. So this does not ensure that we have already spent the […]
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What is Proof of Elapsed Time (PoET)

Proof of Elapsed Time (PoET)

Proof of Elapsed Time (PoET) Proof of elapsed time is a consensus technique for the Ethereum blockchain that reduces resource and energy utilization while maintaining process efficiency using a fair merit system. On a blockchain network, the algorithm decides who gets to mine coins and who wins a block using a procedurally chosen amount of […]
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