Blockchain News

Blockchain is a block of chained Bitcoin records. It is a block of many records that are linked through cryptography. These lists of records contain a hash for previous data, along with a time stamp, and transaction data. It contains batches of valid transactions in an encrypted format. A “hash” of a Merkle Tree for the previous transaction links the blocks together. The links form a “chain,” hence the name “Blockchain.” It is not modifiable. Blockchain is used for storing transactions and its data between two companies. It is verifiable and permanent as well. Data in a block cannot be changed without changing the data of other chained blocks. Although they are not modifiable, they can be called as secured for storing the information in an encrypted and permanent way. Blockchain was invented as a “ledger” for the encrypted currency “Bitcoin” in 2008 by Satoshi Nakamoto. It worked out as very helpful in solving the double-spending problem without the need of any trusted mediator. The Blockchain has inspired many other applications and is now used on a worldwide basis by the general public as well as private companies for cryptocurrencies. The Blockchains that are used by the public are readable, while the ones used by private companies are only readable by the network owner and are called “Permissioned Blockchains”.
MultiversX Bridge extends support to Bitcoin and Ethereum

MultiversX Bridge extends support to Bitcoin and Ethereum

Ethereum and Bitcoin on MultiversX are transferable at lightning speed and can be used in decentralized applications. It is wonderful…

Layer 2 vs. Execution Sharding: Vitalik Unveils the core distinctions

The key difference between layer 2 and execution sharding lies in the variety of execution environments. The Ethereum L2s have…

Witness Chain uses Polygon CDK for DePIN coordination layer development

Witness Chain has announced plans to develop the DePIN Coordination Layer (DCL) with the help of the Polygon CDK (Chain…

Cronos zkEVM Testnet network gets upgraded to Tethys

Cronos zkEVM Testnet network gets upgraded to Tethys, with its testnet scaling creating the way forward towards Cronos zkEVM’s mainnet…

COTI V2 changing private play on blockchain via encrypted circuit

COTI V2 is an absolute game changer with a private play on blockchain through encrypted circuits, bringing extra speed and…

Range to transform IBC into becoming the safest DeFi ecosystem

Range intends to transform IBC and the interchain into becoming the safest DeFi ecosystem, for which forming connections with Osmosis…

Sei Foundation proposes a version 2 network upgrade to bring EVM compatibility

Sei Foundation, the parent company of the Sei blockchain operating at Layer 1, has made an important step to version…

From IBC to Ethereum: Interconnecting Blockchains

The Web3 industry has faced unprecedented hurdles since the advent of Bitcoin over a decade ago, including issues with scalability…

Internet Computer (ICP) publishes its roadmap

DFINITY Foundation, the parent company of Internet Company (IP), has published a roadmap. It highlights the company's commitment to integrating…

SKUx and Visa partner to boost merchant and CPG digital transformation

SKUx inks an exclusive deal with Visa to expedite digital transformation for specific business houses and FMCG firms. These organizations…