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The Prospective of Blockchain Technology in Insurance Industry


Technology is rapidly transforming the insurance industry, but there is one technology that is proving more important than any other, analysed by many Blockchain Solution provider companies. The number of blockchain applications in insurance grows every day, and it is clear that within the next successive years, every major player in the space will be using them in some way. Insurance current use-case Though there are many online brokers, people still call insurance brokers to get any...

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Bitcoin vs Ethereum vs Litecoin vs Ripple: Which one is better?


Overview If you move after the cryptocurrency markets, you can hear about a new type of digital money every day. This is because there are 1,000 over cryptocurrencies are available in the market, with new ones being created frequently. According to investing.com (current list), there are 1,912 cryptocurrencies in the market. The total cryptocurrency market value in money is just under $300 billion approx. as of this writing. It suggests that the average cryptocurrency value is about $200...

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Blockchain Consensus Algorithm

Blockchain Consensus Algorithm: Proof of Stake Vs. Proof of Work


A consensus algorithm is a process used to achieve agreement on a single data which are designed for creating reliability in a network involving multiple nodes. In view of many Blockchain Consulting companies, it is helpful algorithm for solving the issues in distributed computing and Multi agent systems. There are multiple kinds of consensus algorithms in Blockchain Technology which currently exists. Let’s know the difference between two of them Proof of Stake and Proof of...

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Blockchain and Architecture


Architecture overview In our time cryptocurrency has become a buzzword in both industry and organizations for higher education. As one of the most with good outcome crypto money used in a country, bitcoin has got pleasure out of a very great a good outcome. The architectural components are divided into three layers: the shared data layer, the shared protocol layer and an application layer. The shared data layer and shared protocol layer which are decentralized, open source and as per...

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Distributed System in Blockchain


Distributed systems in Blockchain are computing principles where two or more nodes work with each other in a coordinated fashion in order to achieve a common outcome. It is systemized in such a way that end users see it as a single logical platform. According to many Blockchain consulting companies the main challenge in distributed system design is coordination between nodes and fault tolerance. Here in this article we will learn distributed system in detail with current ecosystem. The...

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