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Public Blockchain

A blockchain that can be accessed by anyone.What Is a Public Blockchain?A public blockchain is a decentralized platform accessible by anyone. In other words, it is permissionless, meaning anyone can join, write and read the information on the…

Private Blockchain

A private blockchain is a type of blockchain in which only a single organization has authority over the network.What Is a Private Blockchain?A private blockchain is a type of blockchain in which only a single organization has authority over…

Notarization on Blockchain

Notarization on blockchain simply uses the intrinsic nature and advantages of blockchain technology to let anyone create a timestamped artifact. What Is Notarization on Blockchain?Practically speaking, a blockchain is nothing more than a global…

Layer-1 Blockchain

A layer-1 blockchain is a set of solutions that improve the base protocol itselfWhat Is a Layer-1 Blockchain?A layer-1 blockchain is a set of solutions that improve the base protocol itself to make the overall system a lot more scalable. There…

Hard Fork (Blockchain)

A type of protocol change that validates all previously invalid transactions, and invalidates all previously valid transactions.What Is a Hard Fork (Blockchain)?A hard fork is an event where a blockchain “splits” into two separate blockchains…

Fork (Blockchain)

Forks, or chain splits, create an alternate version of the blockchain, leaving two blockchains to run simultaneously. What Is a Fork (Blockchain)?When changes are made to blockchain technology they’re referred to as a “fork.”A fork happens…

Consortium Blockchain

A privately owned and operated blockchain where a consortium shares information not readily available to the public, while relying on the immutable and transparent properties of the blockchaiWhat Is a Consortium Blockchain?Consortium blockchains…

Blockchain Trilemma

The blockchain trilemma is the set of three issues that plague blockchains: decentralization, security and scalability.What Is the Blockchain Trilemma?The blockchain trilemma is a concept coined by Vitalik Buterin that proposes a set of three…

Blockchain Explorer

A blockchain explorer is simply a search engine allowing users to browse through blockchain records.What Is a Blockchain Explorer?Blockchain explorers facilitate one of the most important features of blockchain technology — browsing through…

Blockchain 3.0

Blockchain 3.0 is the final developmental stage of blockchain technology, which predicts global, institutional and enterprise adoption. What Is Blockchain 3.0?Blockchain technology has been a global phenomenon since the introduction of the Bitcoin…

Blockchain 2.0

Blockchain 2.0 is an extension to blockchain 1.0 as it introduced the concept of decentralization of business and markets through smart contracts and improved security and transparency.What Is Blockchain 2.0?Blockchain 2.0 is based on the concept…

Blockchain 1.0

Blockchain 1.0 is the first generation of blockchain technology, which focuses on cryptocurrency and decentralization.What Is Blockchain 1.0?Blockchain technology has been rapidly developing since Satoshi Nakamoto first published the Bitcoin…