ESDS Knowledge Base

Jun

What is the future of Blockchain?

a.Government Crypto: It is predicted that governments across the globe will accept some form of virtual currency. b.Blockchain identity for all: By 2030, blockchain-based, self-sovereign...

Jun

What are the applications of Blockchain?

ESDS

Blockchain has its applications in different industries as follows: a.Financial Services: Blockchain technology is reshaping the financial service landscape using the mechanism of digital cash...

Jun

What are the benefits of Blockchain?

ESDS

Blockchain offers several benefits. Let us have a look at them. a.Efficiency: The transactions are performed only between the relevant parties with no intermediary and...

Jun

Which are the popular programming languages used in Blockchain?

ESDS

Blockchain is touted to be the new internet and has caught the eye of tech enthusiasts across the world. There is no specific language to...

Jun

Why should companies use Blockchain?

ESDS

Increased digital processing, rapid growth in cybercrimes and rise of bitcoin and cryptocurrency are the three reasons why Blockchain is increasingly becoming popular. Let us...

Jun

What are the different types of Blockchain?

ESDS

Primarily there are three different types of Blockchains as follows. a.Public Blockchain: Open source blockchains are popularly termed as public blockchains. The transactions on public...

Jun

How Blockchain technology secures data?

ESDS

Blockchain technology enables more secure online data transmission, eliminating middlemen and singular control. Let us see how Blockchain secures the data: a.Blockchain is decentralized: Since...

Jun

What are smart contracts?

ESDS

A smart contract is also termed as cryptocontract. Similar to the traditional contracts in the real world, Smart contracts are the agreements in the digital...

Jun

What is the difference between Bitcoin and Blockchain?

ESDS

Though Bitcoin and Blockchain are closely related, they are not the same. a.Definition: Bitcoin is a crypto-currency, a type of unregulated digital cash. Blockchain is...

Jun

What is Blockchain?

ESDS

The Blockchain technology is defined as the growing list of records named blocks, connected using cryptography. Each block contains the record of new transactions and...

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