Block time is the estimated duration for a blockchain-powered system to generate a fresh block.
Monthly Archives: December 2023
A block trade refers to a significant transaction involving the buying or selling of securities that takes place outside of a public market. It involves the use of a blockhouse, which acts as a financial intermediary, to assist investors in managing their risks.
A browser extension, also known as a plugin, is a software component that enhances the functionality of an internet browser by providing additional features.
Blockchain is a distributed ledger system that consists of a sequence of blocks, or units of digital information, which are stored consecutively in a public database. It serves as the foundation for cryptocurrencies.
Blockchain 1.0 represents the initial phase of blockchain technology, emphasizing the realms of cryptocurrency and decentralization.
Blockchain 2.0 expands upon the foundation laid by blockchain 1.0 by introducing the revolutionary idea of decentralizing business and markets. This is achieved through the implementation of smart contracts, which enhance security and transparency.
Blockchain 3.0 represents the ultimate phase of blockchain technology’s development, envisioning widespread adoption by global institutions and enterprises.
A Blockchain Explorer is essentially a search engine that enables users to navigate through records on the blockchain.
Blockchain Transmission Protocol (BTP) allows for the complete decentralization of isolated blockchains, serving as a secure settlement layer. This is achieved by securely anchoring transactions through a universal protocol.
The Blockchain Trilemma refers to the three main challenges that often hinder the effectiveness of blockchains: decentralization, security, and scalability. These issues are interconnected and must be carefully addressed in order to achieve optimal blockchain performance.