Scalability is one issue that has been troubling blockchain developers and is one of the biggest challenges before it can reach the masses. Below is the daily transaction chart showing transactions since October' 15. image source: etherscan.io The key here is that enough number of nodes must verify the transaction to confirm it as legitimate and to make sure that security isn't compromised, but few enough so as to allow the system to process...
Cryptocurrencies have changed the ways of transactions whether they be business or personal. Below is a graph which shows the number of ethereum transactions per month over years. Image source: Etherscan.io It is impressive that cryptocurrencies such as Ether have grown so much over years. But the problem is that cryptocurrencies were not designed for such a widespread use. And as the virtual currencies have grown, many problems have surfaced. The most important and...
Ether is the fundamental cryptocurrency for operation on Ethereum blockchain. It is used to pay GAS , a unit of computation used in transactions and other state transitions....
What is Ethereum light node? Ethereum light node protocol is big step towards bringing the Ethereum client to small devices with limited hardware resources. Details of light client protocol can be found at GitHub. Go-Ethereum or Geth 1.8.1 has an experimental implementation of light protocol. Lets have a look in detail. Installing Geth First you need to install geth. You can follow the instruction here about geth installation. $geth version Geth Version: 1....
A blockchain is a distributed database that maintains a continuously growing list of records called blocks which are secured from tampering and revision using cryptography....
With Constantinople fork coming closer, listing all EIPs to be included is a priority for the Ethereum Core Developers. In latest Core Devs meeting, the discussion was more focused on streamlining the process of merging of EIPs and about the EIPs proposed to be included in the fork....
As 2018 unfolds the true definition of what a Dapp is will become clearer and easier to describe, but up to this point such a thing doesn’t exist....
With the second largest market cap in the cryptocurrency world, Ethereum has drawn a lot of attention from investors and crypto enthusiasts alike. This relatively new cryptocurrency not only presents a significant change to the status quo, it also allows for the quick development and deployment of new applications. Ethereum essentially enables dozens of new and extremely innovative cryptocurrencies to exist. While Ethereum’s utility is obvious to programmers and the tech world at large,...
*New EIP will be written by to replace EIP 86 *EIP 96 needs a little more collaboration *EIP 145 will be going in the hardfork. *EIP 169 / 170 will be discussed more in the next meeting...
Ethereum updates - Q4 Round Up, scalability R&D subsidy programs, website redesigning, ETH recorded new all time high $914...
Before we get deeper into the concept of Ethereum Blockchain, it is important to understand how Public Key, Private Key and Address are generated. To make this easier for beginners, I am trying to explain the technical concept with an example. Ethereum key generation is based on elliptical curve ecp256k1. Eliptical curve (EC) is intense mathematics, and there are a lot of great articles on internet covering deep details of elliptical curve. There are standard...
After Bitcoin came into the world markets, we also got another cryptocurrency called Litecoin which is abbreviated as LTC or XLT. In this article I'll be referring to Litecoin as LTC. What is Litecoin? Well, Litecoin is a peer-to-peer cryptocurrency and an open source project created in October 2011. It has been inspired by Bitcoin in most aspects but was introduced with some technical differences such as segregated witness and lightning network (currently BTC too...
We are going through a very exciting phase of technological transformation. Blockchain community is re-designing a lot of existing use cases and trying to solve a lot of unsolved use cases with the help of decentralized, peer-to-peer technology. Certificate generation and verification is one of the uses cases which is being attempted to be gracefully handled by blockchain. Here is one of the possible approach using Ethereum and IPFS. Step 1: Every certificate issuer is...
What is Geth? For those who are new to Ethereum blockchain, Geth is a popular client that provide the command line interface for running a full ethereum node in 'Go'. Go + Ethereum = Geth By installing and running geth, you can take part in the ethereum live network and mine real ether transfer funds between addresses create contracts and send transactions explore block history and much much more Supported Platforms are Linux, Mac Os and Windows....
Ha! Everybody knows what a wallet is (at least I hope everyone does :P). It’s a place where people store their cryptocurrency. In the crypto world, A cryptocurrency wallet is a secure digital wallet used to store, send, and receive digital currency like Bitcoin and Ethereum. Bitcoin has been established for a significant period of time. On the other hand, Ethereum currently has the second largest market cap after Bitcoin. Because of this, many...
