What is Blockchain?

Blockchain emerged in 2008, it was published by an anonymous known as Satoshi Nakamoto. A public ledger that sorts transactions into different blocks, each block is connected with one or another, using advanced calculations to back to the first transaction.  All records are searchable and permanent, community members, can get easy access to all of their entries. It is not a company or an app it is a technology, which records information or you can say it is a new method of documenting data on the internet.

Blockchain, block chain, group, connection, technology - free ...

Traditional recording methods keep their information in one central point with the same data into different locations with different networks. Blockchain is doing things slightly different from others. It is using one program for all the systems. Either you have to transfer money to someone or there is an agreement between the two parties or you want to know your transactions. You may use platform storyagent to save your story scripts. Do keep in mind, once a piece of information is stored, nothing can alter that. Make sure to send money accurately, as it is not reversible.

Why named as Blockchain?

It stores data in packaged blocks and maintains a chain of linking similar information. That is the reason behind its name. It is the most reliable way of storing information.

How does it work?

So basically it is just a” chain” with “block” when we talk about these two words. It means we are talking about digital information. Here digital information is known as a block, and a public database is known as a chain.

The block consists of three parts 

All the transactions and information like date, time are stored on the blockchain. A single block can reserve 1MB of data. Each block has given a unique name called a hash. It helps to differentiate one information from others. Even though there are plenty of transactions daily, but we can still find our current transactions with the help of unique codes.

Let us consider an example of your purchase on any website to purchase anything.

The first step is to make a transaction, then verify the transaction. You can only know that your purchase is confirmed when you receive the message from the company. Greenlight starts to blink if your transaction is accurate. Your transaction amount, your digital signature everything gets saved in the block. Then it must give your every transaction a unique code to identify the purchase. The public can view the block once it adds into the blockchain.

Is blockchain a secure network?

Everybody needs a trustworthy platform especially if it involves money. Undoubtedly, blockchain has the most reliable security anyone can have. There is always a pattern for every block, new blocks are saved, in linearly and chronological order. Look at the bitcoin blocks you will see that each, the segment has its position.

Blockchain Cryptocurrency Money - Free image on Pixabay

Millions of computers are using blockchain for transactions. Fewer chances of human error as there is no human involvement in the process which …

How Ethereum and NEO stack up against each other?

Gone is the time when the only cryptocurrency existing was Bitcoin. Now, there are so many of them. It is rather difficult to keep abreast of the newest additions on the market. Fortunately for us, Ethereum and NEO aren’t new but are veterans of the industry. Today, we are going to talk about them as they both are very similar yet different at the same time. We are going to talk about how they fare against each other when it comes to their market capitalization and user base. 

A bit about Ethereum:

In 2014, Vitalik Buterin, a Russian-Canadian computer scientist, created it when he published its theoretical idea in late 2013 on white paper purpose-study. The idea behind was to use blockchain technology for application development. 

In the present day, Ethereum is a decentralized, public and highly distributed blockchain platform that can be used for application development. Applications in this platform are decentralized from any of the intermediaries (because chained blocks of data are traceable and retrievable). For example, it is the direct opposite of the Apple Store, where you need to pay to offer your app on it, which is very unlike Ethereum. 

What does Ethereum do:

Ethereum computation powers come from different volunteer nodes scattered throughout the world. These nodes replace the clouds and server usually found in the client-server model. The volunteer nodes give their resources to provide the network with enough computational power to make it a Turing Complete ‘World Computer’ capable of doing any computation. This type of capability provides application makers with enough computer resources to create applications, mostly enterprise related.

Ether is what the application designers on it earn by making enterprise applications for any transaction fees, thus providing Ether with intrinsic value. It is the reason, you will often see Enthereum being offered crypto-exchanges and with brokers. Ether is awarded through ‘smart contract’ where it becomes available as soon as a task is done. 

A bit about NEO:

Many believe it is the ‘Chinese Ethereum’ even though NEO came before it in 2014. Their main aim was to be decentralized application environment for a ‘smart economy’. The founders of the said company believe that smart economy is a two-word rendition of these phrases combined: Digital assets, digital identity and smart contracts. You have probably have started seeing the similarities between the two platforms. 

What does NEO do?

As mentioned before it is an application development environment based on blockchain technology (a similarity shared with Ethereum). Like Ethereum, It also has its token currency called NEO but it also has GAS under its sleeves, another native currency. 

What does it do better? Well, on it, you can readily move your digital assets freely due to two different reasons. One, you can use two different types of native coins and two, you can make good use of any of the modern programming languages like C#, Java, Go, Python, and Kotlin.

Which one is better?

It depends. Both of them are similar yet also …

Best Bitcoin Exchanges of 2019

A lot of you are wondering about the different rates of variable cryptocurrencies and bitcoin-like currencies in the world. You may also be thinking of how they can fare with actual and centralized currencies of the world. And you want to buy and sell these online currencies. For this, you can use certain exchanges that are available online, which will help work out these rates exceptionally well and where you could also do your make or buy decisions. It is the case here that we are going to discuss some of the exceptional ones which are out in the cyber wild and are there to help you. 


First off is Coinbase. It is an extremely well-built and one of the biggest bitcoin exchanges out there. This broker can deal with different ones. These can be bitcoins, ethereum, litecoin and many more. For the convenience of many of its users, it is available in different countries around the world. These countries include Australia, Canada and the USA, which are one of the biggest markets of bitcoin. 

As with many exchanges, it has its pros and cons. The pros are these: It has high liquidity and buying limits. It is newcomer friendly and through a debit, you can avail the Instant Payment function. Cons are these: It will be tracking you and your coin’s whereabouts. The payment has to be made through a bank transfer.


It is the world’s largest exchange. Its sheer volume of coin exchanges suppresses every other type of exchange entities in the industry. The best proof using this one the Binance Mobile App, which makes checking rates and buying or selling portable and easier than expected. This one is available in multiple languages and at the same time is also available for free. Additionally, most of its trading fees are around 0.05%. 


Based in San Francisco, this one is also one of the largest of bitcoin exchanges in the world. It has a lot of pros attached to it. Verification only takes 1 to 2 days and the exchange is open for everybody around the world. Funding can be done with various actual currencies (also called fiat). The greatest con of using this one is that money transfer can take a lot of time than what is expected from an exchange. In that sense, if you do not mind waiting for a bit to trade, this one is the best choice. 


It is also one of those greats. There are a couple of reasons which brings this one to the list. First of all, they offer an app, which is available on all the popular platforms. These are its other features: Sub-accounts, SMS price alerts, High security and 8% fees for credit card purchasing. Bank transfers usually take from 2 to 5 days while SEPA transfers take 1 to 3 working days. Because its complex interface will show complex data, it is usually reserved for advanced users.…