Category: Crypto

What is a Merkle Tree?

What is a Merkle Tree?

A Merkle Tree is a foundation on which blockchain technology is based on. It is a technical concept and can be a little difficult to understand. Crytposwede has prepared this beginner’s introduction to the Merkle Tree and the role it plays in the processing of blockchain transactions. While no means comprehensive, this introduction is meant […]

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What is the Blockchain?

What is the Blockchain?

In 100 years there is a possibility that some experts will declare that the blockchain was one of the major technological breakthroughs of the previous century. The applications that a blockchain can support are growing by the day it seems, yet most people have no idea about what the blockchain is or how it works. […]

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What Is A Distributed Ledger?

What Is A Distributed Ledger?

The concept of a distributed ledger is fundamental to a blockchain and how it works. The databases allow for consensus operations and sharing among the users on a network. Transactions in a distributed ledger are verified by a witness process. This makes any effort to alter transactions or hack data much more difficult. Anyone that […]

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Difference Between Bitcoin & Litecoin

Difference Between Bitcoin & Litecoin

Bitcoin remains the world’s most popular cryptocurrency. Its introduction in 2009 only served to spawn other digital tokens like Ethereum. Many will point to one single token as the silver to Bitcoin’s gold. That token is Litecoin. The stated intention of the developers of Litecoin is that their token will function as a complement to […]

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What Can A Blockchain Do?

What Can A Blockchain Do?

The financial sector has not automatically embraced Bitcoin and other cryptocurrencies as a means of exchange. Why would they? The use of digital currency poses a direct challenge to the very thing that makes banks and wealthy investors rich. At the same time, it is becoming increasingly hard for financial institutions to look past the […]

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