Infotips

  Instead of having a   blockchain   that relies on the exchange of   cryptocurrencies   with anonymous users on a public network (as is the case with   bitcoin ), a   blockchain   for business is a private, permissioned network with known identities and without the need for   cryptocurrencies . To further understand how a  blockchain  for business works, and to appreciate its potential for revolutionizing business networks, you need to understand the four key concepts of  blockchain  for business These four concepts are explained in this section. Shared ledger they’ve been used i n  double-entry bookkeeping since the 13th century. What is new is the concept of a shared, distributed ledger — an immutable record of all transactions on the network, a record that all network participants can access. With a shared ledger, transactions are recorded only once, eliminating the duplication of effort that’s typical of traditio...

 So you’ve heard of Bitcoin — but where to begin? From tokens and blockchains to decentralized finance and NFTs, the world of crypto is vast and growing by the minute. But while it might sound complicated, it doesn’t have to be. Digital Assets: Cryptocurrencies vs. Tokens It’s important not to confuse the terms “cryptocurrencies” and “tokens,” as there are fundamental differences that distinguish them. What Is Blockchain? The Tech Behind Crypto Explained A chain of blocks? Yes, in short, and a science that’s changing the way we live our lives in almost every sphere. Read on as we demystify blockchain. What Does Trustless Mean? Expecting no one to eat the cake you stored in the fridge isn’t an exercise in trustlessness. “Trust” and “trustless” are related — yet different — concepts. What Is Bitcoin in 5 Minutes Bitcoin is a revolutionary asset class where value is represented not as a physical or digital object, but as a record of ownership on the Bitcoin blockchain. Ethereum Explai...

 While Bitcoin and Ethereum are often compared to one another, the two fulfill different — though often complementary — roles within the blockchain ecosystem. Summary As the two most widely known blockchains and cryptocurrencies , many people often directly compare Ethereum and Bitcoin against each other. In reality, Bitcoin and Ethereum are designed to achieve different goals, and in many ways can be regarded as complementary forces. Bitcoin is a peer-to-peer digital cash network, which facilitates transactions without the need for a central authority. This novel network architecture has consequently paved the way for the complex blockchain ecosystem that we have today. Ethereum , often referred to as the ‘world computer,’ iterates on Bitcoin’s technology while introducing smart contracts, which enable the creation of decentralized applications (dApps) spanning a broad range of crowdfunding platforms, financial instruments, digital games and collectibles, and decentralized market...

  Ethereum is open access to digital money and data-friendly services for everyone — no matter your background or location. It’s a community-built technology behind the   cryptocurrency   ether (ETH) and thousands of applications you can use today. Banking for everyone : Not everyone has access to financial services. But all you need to access Ethereum and its lending, borrowing, and savings products is an internet connection. A more private internet:  You don’t need to provide all your personal details to use an Ethereum app. Ethereum is building an economy based on value, not surveillance. A peer-t o -peer network:  Ethereum allows you to move money, or make agreements, directly with someone else. You don’t need to go through intermediary companies. Censorship-resistant:  No government or company has control over Ethereum. This decentralization makes it nearly impossible for anyone to stop you from receiving payments or using services on Ethereum. Commerc...

The most liquid, stable , and trusted stable coin . Launched in 2014 by a group of Bitcoin enthusiasts and early adopters, Tether is a blockchain -enabled platform designed to facilitate the use of fiat currencies digitally. Tether is a token backed by actual assets, including USD and Euros. One Tether equals one underlying unit of the currency backing it, e.g., the U.S. Dollar, and is backed 100% by actual assets in the Tether platform’s reserve account. Being anchored or “tethered” to real-world currency, Tether provides protection from the volatility of cryptocurrencies . Tether enables businesses — including exchanges, wallets, payment processors, financial services, and ATMs — to easily use fiat-backed tokens on blockchains . By leveraging Blockchain technology, Tether allows you to store, send and receive digital tokens person-to-person, globally, instantly, and securely for a fraction of the cost of alternatives. Tether’s platform is built to be fully transparent at all times....

 Instead of having a blockchain that relies on the exchange of cryptocurrencies with anonymous users on a public network (as is the case with bitcoin ), a blockchain for business is a private, permissioned network with known identities and without the need for cryptocurrencies . To further understand how a blockchain for business works, and to appreciate its potential for revolutionizing business networks, you need to understand the four key concepts of blockchain for business These four concepts are explained in this section. Shared ledger they’ve been used in double-entry bookkeeping since the 13th century. What is new is the concept of a shared, distributed ledger — an immutable record of all transactions on the network, a record that all network participants can access. With a shared ledger, transactions are recorded only once, eliminating the duplication of effort that’s typical of traditional business networks Permissions Blockchains can be permissioned or permissionles...