The decentralization aspect of the blockchain alleviates the need of any singular controlling authority and places the power in hands of all the members present in the blockchain network. The blockchain is a database that keeps the track of all the transactions taking place between the members of the network. …

In 2015 Ethereum was the first block chain to support (near Turing complete) smart contracts. In layman’s terms, a smart contracts is basically a small computer program that evaluates a set of logical rules (being the terms of the contract) and, based on that, can initiate transactions on a blockchain…

As the cryptocurrency market thrives in the digital age, there are four characteristics that are pivotal for a digital currency to thrive. Decentralization: The concept of cryptocurrency on the blockchain is to remove any third-party control and return the power back to the primary members in the network. Privacy: As…

A blockchain is a digital ledger that records transactions that is shaking up the process of making financial transactions. As the name suggests, a blockchain is a database system which consists of long chains of storage blocks. This new decentralized system is shaking up the culture of making financial transactions…

What are smart contracts? Nick Szabo, a cryptographer and a legal scholar, invented the concept of smart contracts in 1994. …

1. Sign in with your account and password on www.ub.com. 2. Select “Claim UBTC as other cryptocurrency holder”.

Disclaimer: Due to the complexity of wallet management, this tutorial is only for Official Hshare Wallet. We do not take any responsibility for third party wallets. 1. Sign in with your account and password on www.ub.com. 2. Select “Claim UBTC as other cryptocurrency holder”.

Currently, electronic funds transfer giant, Visa averages 2000 transactions per second (tps) and a peak of around 4000tps per day. Bitcoin, on the other hand, can handle around 7tps. This relatively tiny transaction speed is obviously an issue if you wish your currency to grow it’s user base. …