The Difference between an ‘Open-Community’ and ‘Closed-Network’ Blockchain

R3 is a consortium of about 200 firms coming together to research and develop distributed database models, somewhere along Bitcoin's lines. Usually, they receive a lot of heat as they say they are researching a corporate or private model of “Blockchain” but are developing a version of Distributed Ledger Technology (DLT). This debate between a Public Blockchain and a Private Blockchain (yes, it’s an oxymoron) is the center of great distress. Another such debate that hasn’t reached the mainstream yet,…

EY Executive Admonishes Big Businesses to Dump Private Blockchain and Utilize Ethereum Network

In recent times, accounting company Ernst & Young held Blockchain Summit 2020 online. During the summit, the company’s blockchain leader, Paul Brody, noted that Ethereum is the best for blockchain-based industry solutions. The leader said the major thing is to focus on taking advantage of the public blockchain and all of its available tools and developers. Brody highlighted the necessity of the company’s blockchain initiatives to avoid private blockchain solutions. Blockchain will only be able to meet expectations if enterprises…

The Most Important Open-Source Blockchain Projects

An industry, sector, or model is only as good as the infrastructure it is built on. The infrastructure acts as a backbone, a framework, guiding the industry and its participants through. As we have come to know them, most industries are built on a centralized, hierarchy-based infrastructure. They follow a top-down approach, wherein a few participants at the top are responsible for most of the lower-level management's workings. But then came the Internet and changed the face of it all.…

A Beginner’s Guide to Understanding Brave Browser and BAT

Brave browser is built to give users the long-overdue better internet experience by ensuring fast, private, and secure browsing. It blocks ads and trackers and rewards users to view privacy-respecting ads using their Brave Rewards feature. Brave uses Basic Attention Token (BAT) as an in-house crypto token to connect and reward users, publishers, and advertisers on its platform. BAT is an Ethereum blockchain-based or decentralized platform transforming digital advertising into a transparent ads exchange medium. Through BAT token, users, publishers,…