Digital currency technology has received considerable attention in recent years. If you are familiar with the digital currency market and cryptocurrencies such as Bitcoin, you have often heard the name Blockchain. Since this technology is the basis of digital currencies, knowing what Blockchain is and how it works is essential. If you are new to cryptocurrency and investing in digital currencies, Follow this article from the Flashift blog. It will answer the question of Blockchain,…
A consortium blockchain represents a specialized type of blockchain architecture wherein a group of distinct financial institutions, each operating its own private blockchain network, collaboratively maintains a shared blockchain infrastructure. In this model, the blockchain is not open to the general public; rather, it is restricted to a pre-defined consortium of trusted participants. In a consortium blockchain, the consensus mechanism is managed by a select number of authorized nodes or miners, chosen from within the…
GameFi, a portmanteau of “Game” (referring to video games) and “Finance,” represents an innovative intersection between gaming and financial technologies. This burgeoning sector leverages the unique attributes of cryptocurrencies and blockchain technology to create gaming environments where players can earn financial rewards through gameplay. In the GameFi ecosystem, players engage with decentralized applications (dApps) and blockchain-based games that incorporate mechanisms such as play-to-earn (P2E), where participants are compensated in cryptocurrency for their in-game achievements and…
