Holiday Shopping 2018: Blockchain Technology Preventing Brand Fraud

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Experts expect online transactions to rise exponentially with the holiday season looming.  And so will the fraud attempts of criminals aiming to separate shopper prematurely from their hard earned cash. The Solution With online transactions on the increase, it is a challenge for retailers to differentiate between fraudulent and legitimate activities. Businesses need a discerning … Continue reading “Holiday Shopping 2018: Blockchain Technology Preventing Brand Fraud”

Guide: What is Sharding in the Blockchain?

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Sharding is a process used extensively in databases for enhancing their efficiency. A shard represents a horizontal section of a database, and separate servers store each shard. The result is a uniform spread of the load, which in turn, increases database efficiency. When sharding is implemented within blockchain, each node contains only a certain section … Continue reading “Guide: What is Sharding in the Blockchain?”

GUIDE: What You Should Know about Hashed Timelock Contracts

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The initial purpose of cryptocurrencies was a simple one. The aim was to create a channel where two parties could make digital payments in a trustless manner. Trustless means that in the encrypted mode of payment, no mutual trust is necessary between any of the participating parties. One of the ways that cryptocurrencies present this benefit is … Continue reading “GUIDE: What You Should Know about Hashed Timelock Contracts”

The Role of Blockchain and Cryptocurrencies in Future Society

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After the collapse of the cryptocurrency market in June, investors and experts have been questioning the stability of digital currency. Another question that emerged is the role of digital coins in modern society. Amid all these conversations, users continuously find new ways to apply blockchain technology in different areas of society. Additionally, Fidelity and the … Continue reading “The Role of Blockchain and Cryptocurrencies in Future Society”

UK Foreign Exchange Company Joins the Ripple Blockchain

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Ripple are making a lot of pertinent decisions lately. In fact, they’re developing great relationships with many leading financial institutions globally. They clearly have a good offering that can save these institutions valuable time and money. The latest group to join forces with them is Moneynetint. They are a foreign exchange service based in the … Continue reading “UK Foreign Exchange Company Joins the Ripple Blockchain”

Everything Investors Need to Know about Ripple

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The key thing to understand about Ripple is that it’s a currency (XRP) as well as an exchange platform. It functions as a remittance network, as well as a real-time gross settlement system.  Developers initially released the platform as an iteration of Ripplepay. It was conceived as a cryptocurrency whose value was attained through consensus … Continue reading “Everything Investors Need to Know about Ripple”

Mastercard has Big Plans with Awarded Blockchain Patents

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Mastercard just acquired a patent to store multiple transactions on a single platform. It’s one of several patent applications from Mastercard. And it hints at big plans to compete in the blockchain-based payments marketplace. Patent: Method and System for Partitioned Blockchain Approved just this week, the patent details a method for the generation of blocks … Continue reading “Mastercard has Big Plans with Awarded Blockchain Patents”

Blockchain Potential to Facilitate Global Payments

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If you were ever been involved with the transfer of funds between two countries, you would be aware that minimal progress was made regarding international payments. Transaction times are extremely slow and the process is often obscure and expensive. A 21-st century digital solution for handling payments can accelerate the process. Furthermore, such a system … Continue reading “Blockchain Potential to Facilitate Global Payments”

Coinbase Will ‘Rapidly’ Increase Supported Assets With New Listing Process

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Crypto exchange, Coinbase will use a new process that will enable it to rapidly list more digital assets. Coinbase to Use New Process According to the announcement, the new process refers only to digital assets that are compliant with the local law. This means that certain crypto assets that are listed on the platform will only be … Continue reading “Coinbase Will ‘Rapidly’ Increase Supported Assets With New Listing Process”