Blockchains 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. ..

Month: current affairs - september, 2022

Category: Economy & Banking Current Affairs - 2022 • Science & Technology Current Affairs

Topics: Blockchain • blockchain technology • Blockchains • Challenges with the cryptocurrencies • cryptocurrencies • Cryptocurrency • Ethereum

IMF and World Bank unveiled Learning Coin For In-House Purposes

International Monetary Fund (IMF) and the World Bank have together launched a private blockchain with a pseudo-token. The new token, called ‘Learning Coin’ accessible within the IMF and World Bank the main purpose to teach relevant individuals within the organizations about blockchain. Though the coin has no real value hence the description pseudo-token staff members ..

Topics: Blockchains • cryptocurrencies • Decentralization • Ethereum • Exonumia • International Monetary Fund • Liquidity Token • Numismatics • Token coin

Learning Coinis launched by IMF

The International Monetary Fund (IMF) and the World Bank (WB) have jointly launched a project called “Learning Coin”. It is a private blockchain-based coin and only accessible within IMF and the World Bank to help both multinational agencies learn about the merits of blockchain. The coin project has been launched in order to conduct research ..

Topics: Bitcoin • Bitcoin Attackers • Blockchains • Computing • cryptocurrencies • Decentralization • Digital currencies • Digital technology • Ethereum

Reliance Industries receives India’s first Letter of Credit (LC) payment via blockchain

HSBC Holdings Plc has executed India’s first trade financial transaction using blockchain for a deal involving an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The blockchain-enabled letter of credit (LC) reduces transaction timeline from 7-10 days to less than a day. The Letter of Credit (LC) was issued by ING Bank for ..

Topics: Bill of Lading • Blockchains • cryptocurrencies • Ethereum • International finance • Letter of credit • Money • Reliance Industries Limited

Blockchain and Distributed Ledger

This technology was first used in bitcoins and other crypto-currencies. It uses single shared ledgers to store information. Advanced cryptography technology is used to make sure that information once entered in to the ledger cannot be altered except if the changes are in compliance with some of the pre-defined parameters. Additionally, this technology uses different nodes instead ..

Topics: Bitcoin • Blockchains • Concurrent computing • cryptocurrencies • Decentralization • Digital currencies • Distributed ledger • Ledger • Service industries

Reliance Jio to launch its own cryptocurrency

The Reliance Jio Infocomm Ltd is planning to launch its own cryptocurrency “JioCoin”. It is expected to build a 50-member team of young professionals to work on blockchain technology, which can also be used to develop applications such as smart contracts and supply chain management logistics. The JioCoin project will be headed by Mukesh Ambani’s ..

Topics: Blockchain Voting • Blockchains • Computing • cryptocurrencies • Decentralization • Jio • Smart Block Laboratory • Smart contract