Published a year ago
What Is Open Finance?Open banking—or more broadly, open finance—allows financial institutions, through permissions from their customers, to share both financial and non-financial information about these customers with other institutions. For example, a person trying to get an estimated premium on an insura...
Published a year ago
What Is A Soft Fork In The Blockchain World?A blockchain is made up of interconnected blocks, each block stores transactional information. If we liken this to a book where we write out every financial transaction our business engages in, then the book would be known as the blockchain, and the individual pages would be the blocks....
Published a year ago
What Is A Mainnet?To a developer, I would liken the mainnet (main network) to the main branch of a Git version-controlled project, where the main branch represents code that is deployed to production. In blockchain terms, this is the primary network or blockchain where real transactions are tracked. ...
Published a year ago
What Is Chain Linking?Smart Contracts on the Blockchains are usually set up...
Published a year ago
What Does Maximum Coin Supply Mean?Maximum coin supply in cryptocurrency terms refers to the total number of coins of a particular cryptocurrency project that will ever exist. For some projects, this limit is hard-coded into their infrastructure. For example, for Bitcoin, it is set at 21,000,000 BTC. For Ethereum, th...
Published a year ago
What Is Double Spending?In simple terms, as a merchant, you confirm a transaction by viewing a public decentralized ledger called the blockchain . You check to confirm that there is a block containing a...