FAQ'S
Frequently Asked Questions
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Blockchain is a technology that allows for the creation of scarce, transferable digital assets. It is a ledger that handles the “double spend” problem of accounting/economics for digital assets.
Blockchain is the technology that enables the existence of cryptocurrency (among other things). … A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.
There are three primary types of blockchains, which do not include traditional databases or distributed ledger technology (DLT) that are often confused with blockchains. Public blockchains like Bitcoin and Ethereum. Private blockchains like Hyperledger and R3 Corda. Hybrid blockchains like Dragonchain.
Enterprise blockchain is blockchain technology that goes the extra mile.
Ethereum blockchain technology is sometimes dubbed as Web 3.0 because it poses a revolutionary approach to networking and communications. However, the protocol and standards defined in Ethereum’s white paper and yellow paper only go so far….
Enterprise blockchain technologies that help go the extra mile to provide greater security, reliability, and features that make it useable in the real world.
Only in the sense that it uses a blockchain, which Bitcoin pioneered. Ethereum has a separate blockchain that has several significant technical differences from Bitcoin’s blockchain.
Ethereum is a public, distributed, and decentralized computing platform that was primarily designed for executing smart contracts. Hyperledger is an open-source Blockchain project developed and hosted by the Linux Foundation. However, it is a global collaboration among leading companies across finance, banking, IoT, technology, and manufacturing industries.