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Why is India banning Bitcoin but adopting Blockchain?

The new bill is here, and we have some great transformations in it. One of it is the ban on the cryptocurrency. As per Arun Jaitley, the Finance Minister, all forms of cryptocurrency have been banned. It’s not only India that has done this, but there are also many nations which are following the suit,…

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How Blockchain Technology Could Kill Ola or Uber Business?

Ola and Uber have become synonymous with current public conveyance system. Cheap rides to quick services, these companies are offering everything to lure their customer and establish a market base. Technology affects every business, and so is the case with Ola and Uber.  The blockchain is gaining momentum and is now affecting the companies as…

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Coins, Tokens & Altcoins: What’s the Difference?

Cryptocurrencies have garnered a lot of enthusiasm from younger investors over the last few months. As more and more people enter the cryptocurrency market, it becomes essential to differentiate between the terms that these assets are referred to. Here’s a primer to get investors started with the difference between the three major cryptocurrencies: coins, tokens,…

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How can Blockchain reduce corruption?

When it comes to technology, then it has never ceased to leave us overwhelmed by its benefits; whether it was the internet revolution which has changed the world to the blockchain technology which is unfolding new avenues of transformation every day. Although, blockchain is currently majorly assisted with cryptocurrencies and financial transactions, its benefits in…

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How Can a Restaurant Use Blockchain Technology?

Blockchains, the underlying technology behind the cryptocurrency Bitcoin, has real-world implications that far exceed that of payments. Since Blockchains enable us to make trustless transfers over the internet, they have used in almost every pre-existing industry to make their process more efficient and bring down costs. From the fashion industry to the pharmaceutical industry and…

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The Impact of Blockchain Goes Beyond Financial Services

Bitcoin and other cryptocurrencies that are based on the Blockchain Technology have great potential to disrupt the current financial services industry. From lowering costs of transfers to reducing confirmation times for cross-border payments, the benefits of Blockchain for financial services are immense. Smart contracts, which will enable self-executing instructions built into cryptocurrencies, will no doubt…

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How exactly is Proof-Of-Stake implemented?

  Recently after Ethereum decided to shift to Proof-Of–Stake from Proof-Of-Work, it has garnered a lot of attention. It has emerged as a great alternative to the tradition; a Proof-Of-Work system. Being more energy efficient, lesser time consuming has made it an excellent choice. Before heading further, let us have a quick view of Proof-of-Stake….

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Proof-of-Work versus Proof-of-Stake

Cryptocurrencies, one of the most searched words on any search engine has something more to it. In this blog, I will be highlighting about Proof-of-Work and Proof-of-Stake. What is the difference between the two and brief overview on the same? Before getting into the details of PoW and PoS, let’s understand quickly about mining. What…