Showing posts from March, 2018

Creating a Private Token with Hyperledger

As you start playing around into the Blockchain, subsequently you get stopped by IBM’s Hyperledger. The Hyperledger is a huge open source project hosted by Linux Foundation. There are many undergoing projects inside Hyperledger.

The Hyperledger project is an incubation project for different Distributed Ledger Technologies (DLT) by the Linux Foundation. Hyperledger Fabric is an implementation currently being done by IBM. Hyperledger has a very wide variety of applications such as finance, healthcare, supply chain. 
Hyperledger was launched in 2016 with a technical and organizational governance structure and 30 founding corporate members. The governing board of Hyperledger, which now counts 21 members, partnered with Linux Foundation leaders. In May 2016, Apache Software Foundation co-founder Brian Behlendorf was appointed as executive director. In September, he described the vision for Hyperledger as a business blockchain umbrella. Over the remainder of 2016 and 2017, the Hyperledger Tec…

Applications of R3's Corda

Welcome to Whiz Blockchain! Today we are going to discuss one of the underrated blockchain technologies in the market that isn’t getting the much recognition- we are talking about R3’s Corda. When we think about blockchain infrastructure platforms, names like Ethereum or IBM Hyperledger Fabric come to mind. Corda is a name that, as many people say, should be on that list. It is created by a consortium of some of the top banks in the world. Many experts would argue that Corda should not even be considered a blockchain platform. The R3 consortium prefers the term distributed ledger platform to label Corda. To avoid confusions, we can use the term ‘blockchain-inspired distributed ledger platform’. From the infrastructure standpoint, Corda can be seen as a network of nodes running. However, different from other blockchains, Corda’s networks are completely permissioned which means that every node in the network has a known identity. In order to enable that capability, Corda uses the concep…

Main net, Test net and Private net in Ethereum

The Ethereum is an open source technology and hence useful to many developers who are developing their applications on top of it. During the development, they need to test their product onto the Ethereum network. In order to do that, Ethereum is providing them three types of networks – Main net, Test net and Private net. So, the developers can easily test their applications on either of the networks they wish to. You can connect to any of the Ethereum networks by using some of the wallets present like ‘MyEtherWallet’ or the ‘Metamask’ wallet. Main netThe Main net is the actual Ethereum global network where all the “real-valued” things happen. And by real-valued I mean all the Ethers are real, and can be converted to any other cryptocurrency other the fiat money. The miners are also most active and are great in number as they get real ethers after mining the blocks.
How to connect to Main net via MyEtherWallet: Download MyEtherWallet from hereStart MyEtherWalletCreate account and start cr…

Working with Ethereum

While working on Blockchain platform, we implicitly go down the road to Ethereum without even knowing. It has become a vast platform for blockchain enthusiasts who wish to do some work in blockchain as it is an open source platform. Ethereum is an open-source decentralized shared blockchain platform for building completely synchronous and secure Distributed-applications as well as cryptocurrencies.  Ethereum is considered to be one of the pioneer platforms in distributed ledger and blockchain technology. Ethereum provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using the global network of peers. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Ether (ETH) is a cryptocurrency developed by Ethereum Foundation whose price as of today is $847 and total numbers of coins present are about 98 Million. Bitcoin vs. Ethereum:Parameters Bitcoin Ethereum Launch year 2009 2013 Current p…

Understanding ERC Standards

I got an opportunity to take a closer look at ERC standards, analyze and compare them. I believe that the information below would be helpful for every investor and ICO entrepreneur to understand what exactly ERC standards are. This article sheds light on tokens and explains the features and functions of ERC standards to provide an understanding of what token contracts are and how developers can work with them. ERC stands for Ethereum Request for Comments. It describes the functions and events that an Ethereum token contract has to implement. It is authored by Ethereum community developers in the form of a memorandum describing methods, behaviors, research, or innovations applicable to the working of the Ethereum ecosystem. This is an official protocol for proposing improvements to the Ethereum network. After core developers and community approval, the proposal becomes a standard. The ERC standard defines an interface, which is the name of the functions as well as their signature. Signatu…