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The Chain

Unlock the Power of Blockchain Technology: A Beginner’s Guide

January 4, 2023 by Justin Nerdrum

Blockchain technology guide

Discover the potential of blockchain and how it can revolutionize industries Since the mid-twentieth century, the information age has been on the rise, prompting us to ask, "Who has access to and control over this information?" Blockchain technology is paving the way for information to be moved from centralized to decentralized storage. The blockchain concept is currently … [Read more...] about Unlock the Power of Blockchain Technology: A Beginner’s Guide

Using Blockchain to Drive Supply Chain Transparency and Innovation

September 26, 2022 by Justin Nerdrum

Blockchain for supply chain

New technology presents promising possibilities for improved supply chains. Using blockchains enhances supply chain transparency and traceability as it reduces administrative expenses. How does Blockchain work? Blockchains are distributed ledger technology that keeps digital information in 'exchanges,' tamper-resistant and secure. Transaction requests are transmitted in … [Read more...] about Using Blockchain to Drive Supply Chain Transparency and Innovation

What is a Crypto Wallet? How it works & if you need one

August 10, 2022 by Justin Nerdrum

Cryptocurrency Wallet

If you’re new to the cryptocurrency world, you may be wondering what a crypto wallet is and if you need one. In this blog post, we’ll answer those questions and more! A crypto wallet is a software application that stores your cryptocurrency and allows you to receive crypto transactions. It has two key combinations – the public keys and the secret keys. The public keys are … [Read more...] about What is a Crypto Wallet? How it works & if you need one

Proof of Work Explained

August 10, 2022 by Justin Nerdrum

Proof-of-work explained

Proof of work is a process by which new data is added to a blockchain. This process is used to validate new transactions and maintain the integrity of the decentralized network. In order for a new transaction to be added to the blockchain, it must be verified by the network. This is done through a process called mining. Miners use their computers to solve complex mathematical … [Read more...] about Proof of Work Explained

What is DeFi? Decentralized Finance

August 10, 2022 by Justin Nerdrum

DeFi Decentralized Finance

DeFi (Decentralized Finance) is one of the latest technologies to come out of blockchain technology. As the foundation of it is similar to cryptocurrencies, you may have heard of them used in tandem. Many of these platforms and products use crypto for financial transactions. For many, DeFi presents an alternative that can potentially change how the world sees finances. It … [Read more...] about What is DeFi? Decentralized Finance

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