Charles Obong

Blockchain

Blockchain Part 4: Decentralized Applications (Dapps)

While cryptocurrencies in general and Bitcoin in particular are the primary application that brought blockchain into the limelight, the potential of blockchain in the enterprise extends far beyond cryptocurrencies. As we’ll see in subsequent blogs, companies in financial, energy, medical, supply chain management, logistics, cloud computing, etc. are now investing in and launching proof of …

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Blockchain

Blockchain Part 3: Why Blockchain is the Next Platform for Applications

Blockchains are comprised of single blocks chained together to form a single chain or single main chain and multiple side chains. Single (Main) Chain As the name implies is a single on the main chain in the blockchain. Here, the main chain validates and processes all blocks and transactions. Multi (Side) Chain Because all transaction …

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Blockchain

Blockchain Part 2: What is Blockchain?

Blockchain is an append-only electronic distributed ledger database technology. The protocol ensures that each block of data is tamper proof, secure, decentralized, verified and fingerprinted (or hashed) before it is appended to the chain. For example: Currently, most enterprise companies like Facebook, Amazon and Microsoft run a data monopoly, meaning that all user data that …

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Blockchain

Blockchain Part 1: Difference Between Blockchain vs Bitcoin (08/06/2018)

Edit: Interesting how much has changed in just 3 short months Bitcoin is trading today 08/06/2018 at $7,632 ($3,941.67 11/25/2018) compared to August 16th, 2010, when it was trading at $0.07 per coin. Bitcoin actually went up to $15,825 per coin on December 2017. The meteoric rise in Bitcoin value and other cryptocurrencies has led …

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