Blockchain Technology

This category contains posts about blockchain technology

blockchain applications

Tokenize the world: Blockchain Applications

May 15, 2018

Blockchain has a tremendous amount of use cases. It can change the business model of many industries. In this post, I will describe the most famous use cases of blockchain and how it can be applied in the real world. I will describe how we can tokenize the world. Supply chain and Manufacturing: Managing the […]

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Board of directors

DAOs: The reinvention of corporate governance

May 11, 2018

There is no doubt that the actual structure of corporate governance contains many problems. The biggest one, in my opinion, is the inability of shareholders to express their power as owners of the company. In this post, I would like to introduce the philosophy behind DAOs, the decentralized autonomous organizations. This Idea is very interesting and could […]

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Ethereum

Ethereum Explained

May 7, 2018

In the previous series about bitcoin, I have described how bitcoin works. But bitcoin is very limited in its functionality. It’s a system to exchange value in a decentralized way. Ethereum wants to take the idea of decentralization to next level. The ability to execute complex code on the blockchain. This Idea opens doors for […]

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hacker

Bitcoin Explained : PART 5 : Types of Attack

May 1, 2018

In this post, I will describe two types of attacks on the bitcoin network, Replay attack and 51% attack. I think It’s very important to understand these attacks to have a complete picture of how the network works.  Replay Attack The replay attack is a type of attack that occurs during hard forks. After a […]

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Global scalability

Bitcoin Explained : PART 4 : Scaling

April 28, 2018

Scaling is one of the major issues of blockchain that needs to be solved quickly. The goal of cryptocurrency is to replace our current means of exchange in the future. No decentralized project can succeed without a big community behind it. We need people to use the network. Not solving the scaling problem will lead […]

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Direction

Bitcoin explained : PART 3 : Fork and Stale blocks

April 24, 2018

In this post, I would like to describe what stale blocks are and what a fork is. Now that we understand what a blockchain is, what mining is and how it works for bitcoin. We are going to use these concepts to introduce additional concepts. What is a Stale Block? When two miners mine two […]

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Bitcoin explained : PART 2 : Mining and proof of work

April 20, 2018

In a previous post about consensus mechanism, I gave a quick introduction to proof of work. Proof of work is the consensus mechanism implemented in many blockchain projects. Proof of work is used to secure the Bitcoin network. The computers involved in the proof of work process are called miners. In this post, I would […]

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bitcoin

Bitcoin Explained: PART 1: Introduction 

April 16, 2018

Bitcoin is the first application of the blockchain technology. In this post, I’ll explain in simple terms how bitcoin technically works and how a transaction takes place in the network. As I mentioned before, blockchain is a data structure that stores data. In the case of Bitcoin, this data is a list of transactions. Each […]

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Cryptography

Blockchain Explained: Part 4: Cryptography for blockchain

April 12, 2018

In this post, I would like to explain the fundamental concepts of cryptography used in blockchain technology. we hear a lot about hashing functions, private keys, and cryptographic linking. These are extremely important concepts to understand if you want to get the full picture of the blockchain. Remember that blockchain is a technical subject that […]

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Rock immutable

Blockchain Explained PART 3 : Immutability and Availability

April 8, 2018

In this part 3, I will talk about two other properties of the blockchain technology which are immutability and availability. After a consensus is reached and the data is validated and stored on the blockchain, it is there forever. No one can alter it. This is a powerful concept that opens doors for many applications. […]

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