A lot of people do not know this, but tokenization has been around for some time now. In the beginning, tokenization was used in ensuring the security of credit card information, which was made possible by simply converting personal data into strings of characters, but most recently, the term tokenization became famous for mainly being… Continue reading Everything You Need To Know About Vaulted And Vaultless Tokenization
Tag: Blockchain
Permissioned Vs. Permissionless Blockchains
Blockchain applications are used in different operations these days, and because there are different types of blockchain, each one of them has their own purpose and are unique in their own way, which is why it is important to know how each one of them is different if you’re trying to understand how they work.… Continue reading Permissioned Vs. Permissionless Blockchains
How Blockchain Consensus Mechanism Works
Unless you’re living under a pineapple under the sea, you’ve probably heard about Blockchain and cryptocurrencies. In case you haven’t, Blockchain is a shared and immutable ledger that is known for facilitating the process of recording transactions and assets in a certain business network. What are those assets? Well, those assets can be tangible or… Continue reading How Blockchain Consensus Mechanism Works
What are Smart Contracts and how do they work ?
Before we define Smart Contracts, we have to address the bedrock upon which the concept of Smart Contracts is actually based – Blockchain. Based upon the three core fundamentals – Decentralisation, Transparency and Immutability, Blockchain is a type of Distributed Ledger Technology (DLT) that stores data in blocks that are then linked together via a… Continue reading What are Smart Contracts and how do they work ?
Cryptocurrency – A Double-edged Sword
If we break down the term Cryptocurrency, we get two words – crypto and currency. Thus, cryptocurrency is nothing but a concealed form of currency. It is a form of virtual currency, operating on the basis of digital data. Based on the premises of Blockchain, cryptocurrency operates under a decentralised control, relinquishing its ownership under… Continue reading Cryptocurrency – A Double-edged Sword