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Understanding Blockchain Technology: The Backbone of Cryptocurrencies
In Cryptocurrencies

Understanding Blockchain Technology: The Backbone of Cryptocurrencies

26 Mins Read

Few technological innovations in recent times have captured the popular imagination or changed whole industries as much as blockchain technology. Much touted sometimes as the backbone of cryptocurrencies, blockchain means so much more than being the underlying mechanism behind Bitcoin and other digital currencies. It is going to bring a sea change to how data can be securely stored, verified, and shared across decentralized networks. This is disruptive technology that brings openness, security, and efficiency…

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what is a consortium blockchain?
In Investing & Trading

What is a consortium blockchain?

5 Mins Read

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…

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the most popular GameFi games
In Investing & Trading

The most popular GameFi games

5 Mins Read

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…

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