Tag: Blockchain
-
Blockchain Oracles and their Problems
The inability of smart contracts to access external data has been a significant limitation in the implementation of blockchain technology in various industries. Oracle has emerged as a solution to this problem, serving as an interface that delivers external data to smart contracts. The type of data delivered by an oracle can vary depending on…
-
What is layer 1 in blockchain?
The fundamental framework of any system based on blockchain technology is the Layer 1 blockchain, as it sets the fundamental rules and protocols. While they may have certain drawbacks, Layer 1 solutions remain paramount in preserving the core principles of blockchain: decentralization and security. Moving forward, it is anticipated that improvements will center around boosting…
-
Blockchain: from powering Bitcoin to revolutionizing the world
In this article, Forward will take you to know what is Blockchain, including real working examples of blockchain in various companies, for anyone who wants to know more about how this technology, which is the backbone of bitcoin currency, is going to change the world. What is blockchain? It is a decentralized digital ledger that…