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What is nonce in Blockchain?

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By Pratik Jain In BlockChain & ICO's
The "nonce" in a block of bitcoin made of a 32-bit (4-byte) field and its value is set in such a way that the hash of the block contains a run of preceding zeros. The remaining of the fields are left unchanged, as they have a defined meaning. A change into the data of block (such as the nonce) will make the hash of the block completely different....
Hyperledger is one of the significant development in recent times in field of Blockchain. It is an open source, collaborative effort across the industry to develop various functionalities of Blockchain. There are various projects being developed under the umbrella of Hyperledger. Although it is being developed by The Linux Foundation, it is also...

What is Bitshares?

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By Pratik Jain In BlockChain & ICO's
BitShares also symbolised as BTS, was earlier known as ProtoShares symbolised as PTS, is an industry grade “crypto-based-equities”, P2P distributed ledger & network functional on a Delegated Proof of Stake (DPoS) algorithm. It was formed in 2014 by visionary Dan Larimer (“Bytemaster”), one of the founders of Steemit, EOS and...
The terms Coin and Token are usually used in place of each other. But both have a different meaning and connotation. Coins have only one utility — to act as simple stores of value with limited-to-no other functionality. With “simple” value, it is implied that value not represented through a variety of dynamic functions. Tokens are a...

What is ERC20 as frameworks?

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By Pratik Jain In BlockChain & ICO's
We are increasingly hearing about Ethereum these days. Ethereum is the popular cryptocurrency and blockchain system. It is based on the use of tokens which can be bought, sold, or traded. There are several other tokens which may be used in conjunction with Ethereum, and they differ from ether which is the currency native to the Ethereum blockchain....

What is consensus algorithm?

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By Pratik Jain In BlockChain & ICO's
As we know, a blockchain is a decentralized P2P system without central authority figure. Every node in blockchain fetches, reads and stores data in a shared database or record system called as distributed ledgers. These distributed ledgers are shared data records and hence an inherent mechanism to monitor & maintain the data changes is...
Ledger is a basic way for maintaining records of money in accounting. As time progressed, the way of maintaining ledger improved. With advent of technology, the ledgers were stored in single central server node. All client nodes created and stored their ledger copies in central server. Due to central server, came the issue of centralized data...

What is IPFS ?

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By Pratik Jain In BlockChain & ICO's
IPFS is an effort to overcome inherent challenge posed by orthodox web language HTML. HTML has been found to be delayed, centralized & short term (content can be removed by host anytime). While IPFS is a P2P hypermedia technology to convert the web into speedier, safer, and more open. The InterPlanetary File System (IPFS) is a P2P distributed...

What is Block time?

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By Pratik Jain In BlockChain & ICO's
The term block time relates to an average time. It is a measure of for how long it takes the hashing power of the network to search a solution for block hash. The difficulty is calculated as proportional to the hashing power accordingly, on an average, the block time is 600 seconds for Bitcoin and 20 seconds for Ethereum. In reality, block time can...

What is DApp?

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By Pratik Jain In BlockChain & ICO's
There is increasing sense of need for decentralisation of web content these days due to over centralisation of the data. As we are aware, major centralisation nodes for data in todays world, as evolved over the years has been Facebook, Google, Amazon and few more. This has brought in a way a scenario where entire data on internet has become...