Blockchain and Bitcoin: The Root and The Tree
Panaesha Capital | Digital Marketing Blog
by Crypto Geek
3y ago
Every digital information must be recorded as well as distributed, this was the aim when blockchain was invented. This might be difficult to grasp in the first place. So let us discover and understand how the first application of blockchain technology actually started. THE BACK STORY: Stuart Haber and W. Scott Stornetta sketched the blockchain technology back in 1991 for the very first time for the implementation of timestamps without alterations.  It was just 2 decades later when blockchain showcased its real-world application- BITCOIN in Jan 2009. WORKING: The protocol which Bitcoin use ..read more
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Understanding the Types of Blockchains
Panaesha Capital | Digital Marketing Blog
by Crypto Geek
3y ago
The term Blockchain does not need any introduction now as you must be aware of this term by now. But if you are new then let us give you a short introduction. Blockchain is an open distributed ledger that records each and every transaction between two parties. Many industries have started using blockchain and enjoying its advantages. In sectors such as government, education, medical and real estate, this technology is providing transparency, security, accountability and improving the industries’ efficiency and functioning. Now let us see the different types of Blockchain. Types of Blockchain ..read more
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Public key vs Private Key
Panaesha Capital | Digital Marketing Blog
by Crypto Geek
3y ago
The Public key and Private key are the cryptographic keys that are used to lock and unlock cryptographic functions including authentication, authorization, and encryption. Cryptographic keys are divided on the basis of the functions they perform, what properties it has and how it will be used. Like, a key might have one of the properties of Symmetric, Public or Private. The keys can basically be grouped into two broad categories, symmetric (private or secret) key, and asymmetric (public) key.  In Private key cryptography, users share a secret key among themselves which is used to encrypt ..read more
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Blockchain and Bitcoin: The Root and The Tree
Panaesha Capital | Digital Marketing Blog
by Crypto Geek
3y ago
Every digital information must be recorded as well as distributed, this was the aim when blockchain was invented. This might be difficult to grasp in the first place. So let us discover and understand how the first application of blockchain technology actually started. THE BACK STORY: Stuart Haber and W. Scott Stornetta sketched the blockchain technology back in 1991 for the very first time for the implementation of timestamps without alterations.  It was just 2 decades later when blockchain showcased its real-world application- BITCOIN in Jan 2009. WORKING: The protocol which Bitcoin us ..read more
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Use of Smart Contracts for Revenue Sharing
Panaesha Capital | Digital Marketing Blog
by Crypto Geek
3y ago
Blockchain technology has proven to be one of the most innovative inventions till date. Blockchain is the technology behind the creation of Cryptocurrency. The banking and finance industry has been benefiting a lot from this technology. Especially when it comes to the use of blockchain Smart Contracts, this technology is becoming very useful. Blockchain acts as an unbiased third party that oversees each transaction. In simple words, revenue sharing is the distribution of profits and losses among all stakeholders of the organization. Revenue sharing has become very popular as a form of income ..read more
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Sharding & its use in Blockchain
Panaesha Capital | Digital Marketing Blog
by Crypto Geek
3y ago
When we compare transactions of Visa and MasterCard with bitcoins and Etherum it is found that transactions on these coins are not fast enough for day to day transactions. That’s why the developers of blockchains and cryptocurrency are trying to improve the speed of transactions in the blockchain and Sharding is one such method. The promise of immutable record and decentralization makes blockchain one of the extremely powerful innovative technology in recent years. The famous cryptocurrencies like Bitcoin and Ethereum are its most prominent applications. The  Fintech companies were also ..read more
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Block Size, Explained
Panaesha Capital | Digital Marketing Blog
by Crypto Geek
3y ago
A block is just like a cluster of transactions, where each transaction needs to be validated before it is accepted by the network. This blog is going to show you what exactly is block size, issues that arise in the absence of block size and the solutions to resolve them.  Curious to know more, read the complete blog below: What is a Block and a Block Size? A block consists of any file in which data pertaining to the most recent transactions is recorded permanently on a network.   Whereas one can understand block size as the highest limit of information that a block can store.  ..read more
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How Blockchain Technology influences the Music Industry?
Panaesha Capital | Digital Marketing Blog
by Crypto Geek
3y ago
The blockchain technology has influenced and helped many sectors since its inception in 2008. This technology is extremely advanced and has no competition as of now. Hence, be it banking, healthcare or the music industry,  all sectors of the trade are trying to incorporate it.  There are many reasons how blockchain affects the Music Industry. Some of them are listed below:- Enhanced Security: Piracy has grown like a virus for the past 2 decades in the music industry. It has become one of the major concerns for all creative and talented musicians, as nobody wants their hard work to b ..read more
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Moving from finance to fintech : What you need to know
Panaesha Capital | Digital Marketing Blog
by Crypto Geek
3y ago
We are living in the 21st century where things change like seasons! The financial sector has evolved rapidly over a decade (thanks to technology) software, as well as cloud-based technology, revolutionize the way the industry operates.  Before moving ahead let us know what Fintech really is  Basically financial technology, aka “Fintech”, is a unique combination aiming for the traditional financial methods in the delivery of financial services. It is one of the emerging industries that promotes technology to improve activities in finance specifically. The use of smartphones for mobil ..read more
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4 advantages of Blockchain Technology outside Cryptocurrency
Panaesha Capital | Digital Marketing Blog
by Crypto Geek
3y ago
Blockchain is a resourceful and farsighted invention of the human. The technology is viewed to bring meaningful and significant changes in the system of finance. Its decentralized, independent and transparency features make it more reliable and easily accessible for the users. Blockchain stores all the information and the records between the parties as a distributed ledger that can be easily accessed by them at any time and any place they want.  Many cryptocurrencies or digital currencies are already based on Blockchain technology. Apart from digital currencies, it is also in use by some ..read more
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