4 mins read
A zero-knowledge proof (ZK Proof) or zero-knowledge protocol is a mathematical method to verify things without revealing the underlying data. In other words, the prover is able to prove to the verifier that they have the knowledge of a piece of information without revealing the information itself. The purpose of using zero-knowledge proof is to improve the privacy and security of a system.
4 mins read
The EEA is a global member-governed organisation that aims to drive and support the adoption of Ethereum blockchain technology and the development of industry standards. Their goal is to bring the community together to promote harmonisation and coordination across the industry, to create enterprise-ready solutions and to broadly support Ethereum-based technology best practices.
5 mins read
ERC is an acronym that stands for Ethereum Request for Comments. They are technical documents used by smart contract developers at Ethereum. They define a set of rules required to implement applications for the Ethereum ecosystem include token standards, name registries, library/package formats, and more. These documents are usually created by developers, and they include information about protocol specifications and contract descriptions. Before becoming a standard, an ERC must be revised, commented and accepted by the community through an EIP (Ethereum Improvement Proposal).
5 mins read
Ethereum is an open-source, permissionless, decentralized blockchain network. It was created by the Ethereum Foundation led by Vitalik Buterin. The blockchain design borrows from Bitcoin, however there are some major differences. One of those being the introduction of ‘smart contracts’.
3 mins read
The first application of blockchain was to facilitate a decentralized online payments system which came about with the invention of Bitcoin. The distributed ledger technology on the public peer-to-peer Bitcoin network was used to allow people to enter into financial transactions with one another. Payments were made possible with the Bitcoin payment token, the first cryptocurrency coin or digital cash. Many other blockchains have since been created for this purely monetary use case.
3 mins read
The Blockchain Service Network (BSN) is a China state-backed blockchain infrastructure project. It is being led by the State Information Center of China (SIC), under the National Development and Reform Commission. They, together with state-owned organizations China UnionPay and China Mobile, as well as three other companies, signed “The Alliance Chain Framework Adaptation Agreement”, creating the BSN Development Alliance. Since then many others have become involved in the project, such as China Unicom, China Telecom and the exchange Huobi.
8 mins read
Blockchain is a time-stamped series of immutable records of data that is managed by a cluster of computers not owned by any single entity. Blockchain is literally a chain of blocks – each block has the hash value of the previous block and forms a chain. The data stored in the blocks includes information about a transaction, and the addresses that participate in this transaction. Updating data in a block will change the hash value and will not validate with the hash stored in the next block, and thus making it tamper-proof.
9 mins read
One of the biggest challenges is what is meant by BaaS, what does it cover? The term is used rather loosely. The only aspect that the phrase always seems to include is the ability to set up a server or node from a template. But, provided your comfortable with Linux servers, the basic installation process for most of the blockchain protocols isn’t that hard without a template.
