blockchain technology
Tamil Nadu: First to Issue Soulbound Token
Idol Wing of the Tamil Nadu Police Department recently issued ‘Soulbound Tokens’ to its outstanding team members. What is soulbound token? Soulbound token is a unique blockchain asset that cannot be bought, sold or moved to another blockchain wallet. It ..
Month: Current Affairs - December, 2022
Category: India Nation & States Current Affairs • Science & Technology Current Affairs
“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 ..
Month: Current affairs - September, 2022
Category: Economy & Banking Current Affairs - 2024 • Science & Technology Current Affairs
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 ..
Month: Current Affairs - January, 2022
Category: Awards, Honours & Persons in News • Science & Technology Current Affairs
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 ..
Month: Current Affairs - October, 2021
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? ..
Month: Current Affairs - July, 2021
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) ..