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 • 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) ..
Month: Current Affairs - April, 2021
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 ..
Month: Current Affairs - January, 2020
National Information Centre sets up Centre of Block Chain Technology in Bengaluru
On January 18, 2020, the National Informatics Centre (NIC) will set up block chain technology centre in Bengaluru. The centre is to be inaugurated by Union Minister Shri Ravi Shankar Prasad. Highlights The centre aims to provide Block Chain as ..