Tag Archives: Bitcoin Guides

How Will Ethereum Scale?

Like other public blockchains, ethereum intends to support as many users as it can. The problem is that, today, we don’t really know the limits of the platform. Because of a hard-coded limit on computation per block, the ethereum blockchain currently supports roughly 15 transactions per second compared to, say, the 45,000 processed by Visa. This (more…)

What are Blockchain’s Issues and Limitations?

There are treacherous passes in any technological revolution. Some people in the blockchain industry have pointed out that blockchain has become overhyped, when, in reality, the technology has limitations and is inappropriate for many digital interactions. But through research and development, success and failure, and trial and error, we’ve learned the current issues and limitations (more…)

What Can a Blockchain Do?

Financial institutions have financed the disruption of countless industries over the last 30 years; they have an idea of what a revolutionary technology can do to static incumbents. So, to stay ahead of change, banks have been proactive in setting up R&D labs, building test centers and establishing partnerships with blockchain developers (more…)

What is a Distributed Ledger?

Ledgers, the foundation of accounting, are as ancient as writing and money. Their medium has been clay, wooden tally sticks (that were a fire hazard), stone, papyrus and paper. Once computers became normalized in the 1980s and ’90s, paper records were digitized, often by manual data entry. These early digital ledgers mimicked the cataloguing (more…)

What is the Difference Between a Blockchain and a Database?

As stated in our guide “What is Blockchain Technology?”, the difference between a traditional database and a blockchain begins with architecture, or how the technologies are orchestrated. A database running on the World Wide Web is most often using a client-server network architecture. A user (client) with permissions associated with their account can (more…)

What is Blockchain Technology?

“The practical consequence […is…] for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy (more…)

How Could Blockchain Technology Change Finance?

This question has been asked by every futurist research lab in many of the largest banks, central banks, financial institutions, think tanks, consulting firms and government committees around the world. R3CEV, a consortium effort financed by some of the world’s largest banks, is busy trying to answer this question. Goldman Sachs, McKinsey Consulting (more…)

Why Use a Blockchain?

As the implications of the invention of have become understood, a certain hype has sprung up around blockchain technology. This is, perhaps, because it is so easy to imagine high-level use cases. But, the technology has also been closely examined: millions of dollars have been spent researching blockchain technology over the past (more…)

What is Ethereum?

Before you can understand ethereum, it helps to first understand the internet. Today, our personal data, passwords and financial information are all largely stored on other people’s computers – in clouds and servers owned by companies like Amazon, Facebook or Google. Even this CoinDesk article is stored on a server controlled by (more…)

Who Created Ethereum?

In 2008, an unknown developer (or developer group) invented bitcoin as a new way to send value over the internet. Four years later, a 19-year-old dreamed up a new platform based off of this innovation in an effort to transform the internet entirely. Vitalik Buterin, a programmer from Toronto, first grew interested (more…)