blockchain technology Current Affairs, GK & News

“The Merge” of the Ethereum

Ethereum – the world’s second largest blockchain – has transitioned from the legacy “proof-of-work” to a “proof-of-stake” consensus mechanism. Key facts The Ethereum Merge is an upgrade that changes how new crypto transactions take place on the blockchain. The Ethereum Merge is the joining of the Ethereum’s proof-of-stake (PoS) Beacon Chain with the Ethereum Mainnet. ..

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Blockchain technology in Rashtriya Bal Puraskar

Recently, 61 winners of the Pradhan Mantri Rashtriya Bal Puraskar (PMRBP) 2021 and 2022 got digital certificates, that use blockchain-driven technology. Highlights The blockchain-driven technology has been developed under the “National Blockchain Project”, by Indian Institute of Technology Kanpur (IIT Kanpur). On the occasion, Director of IIT Kanpur Abhay Karandikar noted that, this technology can ..

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Telangana to test Mobile-based e-voting system

The Telangana State Election Commission has planned to conduct a dry run of a “Mobile-Based e-voting system”. Highlights The development of this system is guided by the necessity of holding polls in India amid the Covid-19 pandemic. This system, if successful, will facilitate to vote using smartphones from home. The dry run will be held ..

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What is a Bitcoin Hardware Wallet?

Square’s hardware head, Jesse Dorogusker, announced recently that company is going to start building a hardware wallet and accompanying service for cryptocurrency, Bitcoin. This decision was taken in a bid to bring crypto coin into mainstream. What is Hardware Wallet? Hardware wallet is a special type of cryptocurrency storage which maintains and secures private crypto ..

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What is NFT Marketplace?

The WazirX, one of the leading cryptocurrency exchanges has recently launched India’s first market place for NFT. NFT is Non-Fungible Tokens. The launch will now allow Indian creators to place their digital assets (such as images or videos, music, etc) for auction and earn royalty. What is Non-Fungible Token? It is a unit of data ..

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NIC organizes Tech Conclave in New Delhi on “Technologies for NextGen Governance”

The National Informatics Centre (NIC) is to hold a 2-day technology Conclave in New Delhi. The event is to be conducted between January 21, 2020 and January 22, 2020. The Conclave is to be inaugurated by Union Minister Shri Ravi Shankar Prasad. Highlights The Technology Conclave will discuss application of Information and Communication Technology. The ..

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