Blockchain design – the 5 perspectives to consider.

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There are many types of blockchain designs and each is built on any of the five pillars we will discuss in this article. However, we hasten to state that there could be something already being developed that will surpass current knowledge.

What makes blockchain more robust?

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In the previous article entitled "Blockchain technology, a culmination of old technologies" we discussed two old technologies on which blockchain is built. These are cryptography and distributed systems. In this article, we move a step further to discuss additional features that have made blockchain what it is today.

Blockchain technology, a culmination of old technologies

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Blockchain is a combination of two long-standing technological developments.The first one is distributed ledger technology, and the second one is cryptography. The same holds true with bitcoins as a cryptocurrency. Its base is the blockchain which sits on the two old technologies. We see how human innovation is truly avoiding reinventing the wheel and the efforts are paying off.

Likely barriers to blockchain adoption in developed countries

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An earlier article looked at the most likely obstacles developing countries are most likely to contend with in adopting blockchain technology in their businesses and government operations. However, this does not mean that all developed countries will easily adopt blockchain as it becomes available.

Why blockchain will appeal to sensitive consumers

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Sensitive users will now be able to purchase any time with a clear conscious because they will have known everything about the product before purchasing it. Indeed, when fully-fledged, sensitive users will find block chain more appealing.

Likely barriers to blockchain adoption in developing countries

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While the developed countries easily adopt these technologies easily because of their educated populace and advanced infrastructure, the developing countries have their own challenges that make them either delay or forego the adoption. This article will highlight the most likely barriers developing countries will likely face in adopting blockchain.

Why we need decentralized systems

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The coming of blockchain and bitcoins have amplified decentralization as never before. While there are assertions that decentralization has given advantages to the “bad guys” to carry out their evil schemes, there is very good reasons to believe that decentralization is what we need as a society in this era.

Dash – an altcoin with a difference

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The crypto market is still growing with new crypto assets on a daily basis and catching up on this surge is a challenge. However, there are a good number of older crypto assets that may not be as popular to many as the new ones being offloaded into the market. One such an asset is the Dash.

Digital signatures and the blockchain technology

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Blockchain deals with digital documents and any authentication to be done in the system will demand the use of digital authentication mechanisms. As such, all documentation is ‘stamped’ with digital signatures.

Bitcoin (BTC)

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If you deal with bitcoin, to stay in the game, you have to be very vigilant. The value of bitcoin fluctuates often. You have to know when to trade if you are trading in bitcoin, or to know when to buy or sell. If you don’t stay vigilant when trading with bitcoin, you may lose everything.