Nexthoughts is known for investing in cutting-edge futuristic technologies so, now we are embarking on a new venture in crypto and blockchain base.
What is Blockchain
A blockchain is a continuously growing list of records, called block which is linked and secured using cryptography. A blockchain can serve as an open, distributed ledger that can record transactions between two parties efficiently, verifiable and permanent way.
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Blockchain is the world’s leading software platform for digital assets.
Hierarchical deterministic addresses. Dynamic transaction fees. Monitoring and spending from Watch Only addresses.
Truffle is a development environment (providing a command-line tool to compile, deploy, test, and build), framework (providing various packages to make it easy to write tests, deployment code, build clients, and so on) and asset pipeline (publishing packages and using packages published by others) to build ethereum-based DApps
MetaMask is a chrome browser extension that allows you to interact with the ethereum blockchain, all without downloading the entire data-filled blockchain. It’s a simple tool that allows you to use your cryptocurrency, all in your regular web browser. This will help more people access and use Ethereum dApps, without the technical know-how or need to download the whole blockchain and run a full node..
Geth is the command line interface for running a full ethereum node. It is implemented in the Go programming language, but does require its users to have proficiency in Go. It is free to download and install. Geth supports most major operating systems.
Ganache is a personal blockchain for Ethereum development you can use to deploy contracts, develop your applications, and run tests. Ganache lets you see what’s happening under the hood during development, and lets you introspect blocks and transactions to better understand how your application behaves..
Parity is the fastest and most secure way of interacting with the Ethereum blockchain. It comes with an extensive, easy-to-use, in-built Ethereum Wallet and Ðapp environment that can be accessed via your Web browser of choice.
Solidity is statically typed, supports inheritance, libraries and complex user-defined types among other features.
Bitcoin is the world’s first decentralized ledger currency. It has received a huge success with an outstanding response from the worldwide communities. Not only that, also the Bitcoin success has covered the way for new cryptocurrencies. The best feature of Bitcoin is it is open source so that anyone can use the original Bitcoin source code (available at free). This facilitates to create a new similar cryptocurrency. These cryptocurrencies are known as Bitcoin clones.
In a nutshell, a fungible token has a total supply of X and the same price for all tokens, but a Non Fungible Token has a total supply X and it can have a different price for every token, each token is special and has a different appreciation.
What does ERC mean?
What are Smart Contracts?
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