cryptocurrency

Evolution of Ethereum followed by Bitcoin

Reading Time: 4 minutes Decentralised currency, digital currency, and peer-to-peer money all refer to bank-free methods of transferring wealth or ownership of any other commodity without needing a third party such as Banks. Bitcoin: Bitcoin is a consensus network that enables a new payment system and completely digital money. It is the first decentralized peer-to-peer payment network. From a user perspective, Bitcoin is pretty much like cash for the Continue Reading

Custom Implementation of Blockchain In Rust(Part 3)

Reading Time: 2 minutes In previous blogs(part-1 and part-2), we created a sample blockchain application. We also implemented validation and proof of work algorithm. Now we are going to upgrade our blockchain to simple cryptocurrency. We can do this by:- Including the functionality of paying out rewards to miners Signing the transaction We will be covering only first part in this blog. We will cover transaction signature in next Continue Reading

Scorex: A Modular Blockchain, Scala Framework

Reading Time: 5 minutes Scorex is an open-source project written in Scala with loosely coupled and pluggable components. Scorex provides many abstractions for which you have to provide concrete implementations to make the Blockchain as per your requirements on the top of Scorex. It is backed by IOHK, a technology company based in Hong Kong. Scorex is still experimental and raw. It appears to be in an early stage of development. All the Continue Reading