Private key sharding is a technique used to distribute a private key into multiple parts, or “shards,” to enhance security and fault tolerance. This method is particularly useful in scenarios where a single point of failure must be avoided, such as in secure communications, cryptocurrency wallets, and distributed systems. What is Private Key Sharding? Private
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Category: Blockchain
Blockchain is a specific type of database with special data organization and properties.
What is BTC SegWit and Its Impact on Transaction Fees
Posted onSegregated Witness (SegWit) is a protocol upgrade for Bitcoin that enhances its scalability and transaction efficiency. Introduced in 2017, SegWit addresses several limitations of the original Bitcoin protocol, including transaction malleability and block size constraints. Understanding SegWit What is SegWit? SegWit stands for “Segregated Witness,” referring to the separation of signature data from transaction data.
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Understanding Bitcoin Transaction Structure: Legacy and Witness Versions
Posted onBitcoin transactions are the backbone of the Bitcoin network, facilitating the transfer of value. Understanding their structure is essential for anyone interested in blockchain technology. This article delves into the details of both legacy and witness (SegWit) transaction structures. Basics of Bitcoin Transactions A Bitcoin transaction comprises inputs and outputs. Inputs are sources of funds,
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Proving Ownership of BTC Multisig Addresses
Posted onProving ownership of a Bitcoin (BTC) address is a crucial aspect in various scenarios. The post Proof of Ownership for BTC Addresses introduced the proof for non-multisig addresses. This guide explores how to prove ownership for different multisig BTC address types, including algorithm specifications and step-by-step methods. What is a Multisig Address? A Bitcoin multisig
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Proof of Ownership for BTC Addresses: A Detailed Guide
Posted onProving ownership of a Bitcoin (BTC) address is a crucial aspect in various scenarios, such as verifying identity in a transaction or demonstrating holdings without revealing private keys. This guide explores how to prove ownership for different BTC address types, including algorithm specifications and step-by-step methods. BTC Address Types P2PKH (Pay-to-Public-Key-Hash) P2SH (Pay-to-Script-Hash) P2WPKH (Pay-to-Witness-Public-Key-Hash)
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Decentralized Exchanges (DEX) vs. Centralized Exchanges (CEX): A Technical Comparison
Posted onCryptocurrency exchanges have revolutionized the way we trade digital assets, with two main types of exchanges dominating the market: decentralized exchanges (DEX) and centralized exchanges (CEX). In this article, we’ll compare the DEX and CEX from a technical perspective. Decentralized Exchanges (DEX) DEX operate on a decentralized blockchain network, such as Ethereum, and are built
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The Impact of Blockchain and Crypto Technologies on Global Financial Markets
Posted onWelcome to the groundbreaking world of cryptocurrency and blockchain technologies! These cutting-edge technologies are shaking up the global financial environment and paving the path for a more transparent and decentralized future. Consider blockchain technology to be a digital counterpart of a ledger book. It is a secure and immutable digital ledger that records all transactions
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How to Query Transaction By ID in Hyperledger Fabric 2.0
Posted onQuerying transaction content out from a blockchain network is a common practice used by common scenarios like exploring the blockchain history or verifying the blockchain transaction content from a known ID. In Hyperledger Fabric, the transaction can be queried using a special system chaincode QSCC (Query System Chaincode) which is for ledger and other Fabric-related
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How to Install Hyperledger Fabric 2.0 in Ubuntu 18.04
Posted onHyperledger Fabric is a consortium blockchain system. It’s performance is relatively good and its modular architecture enables it to be usable in many scenarios. Hyperledger Fabric itself has rich documents and samples of test networks. For beginners, deploying a new network for trying and testing still consumes quite some time. In this post, we will
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