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The Nasgo Decentralized Democracy

A Close Look At Blockchain Cryptographic Consensus And Why NASGO Decentralized Democracy Stands Tall When the cryptocurrency created by Satoshi Nakamoto was started (Bitcoin), it was developed on a blockchain consensus protocol called Proof Of Work (POW). Just to be clear, that POW system was not invented by Satoshi, but by Markus Jakobsson and Ari Juels in 1999. Many other cryptocurrencies adopted the Proof Of Work consensus, but even those who worked in and on the Bitcoin model agreed that in time, better blockchain consensus systems would be developed. How The Proof Of Work Consensus Works Without getting too deep into the technical nature of the blockchain consensus system, I will just say that as a transaction is administered, it must be entered into the blockchain. In the Proof Of Work system, miners must use computational methods to develop a “hash.” Understand this, “hashing” is the process of [...]

By | 2018-06-20T18:43:57+00:00 June 20th, 2018|BlockChain|0 Comments

7 Costly Mistakes to Avoid when Implementing Blockchain Technology to Drive Profits

Blockchain technology is the wave of the future that will drive business growth and increase your profits.  Here are some common mistakes businesses make when investing in blockchain technology and how to avoid them: Overlooking address verification technology for blockchain technology Blockchain technology is not highly regulated and there are huge security advantages to a decentralized server.  However, it is important not to overlook security. One important blockchain security measure to be sure to implement is payment address verification.  Without payment verification, one typo that a consumer might make could move one's entire savings into the wrong account. There are well-established verification technologies available that make it easy to verify addresses so that no one is sending tokens to the wrong place by mistake. Operating in a country that has outlawed cryptocurrencies With the decentralization of the server, it is important to ensure that you are operating in countries [...]

By | 2018-03-17T22:18:26+00:00 March 17th, 2018|BlockChain|0 Comments