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BlockID Blog


Why Are Mnemonic Phrase Based Private Keys Unhackable ?

Why Are Mnemonic Phrase Based Private Keys Unhackable ?

First we need to see what is mnemonics? It is a system such as a pattern of letters, ideas, or associations which assists in remembering something. A mnemonic private key is a memory technique util...

KYC and AML

KYC and AML

Know your customer (KYC) and anti-money-laundering (AML) regulations require banks to know who they’re doing business with and ensure that they’re not participating in money laundering or terrorism...

Permissioned vs Permissionless Ledgers

Permissioned vs Permissionless Ledgers

Before getting further into this current, we should endeavour to comprehend what decentralized and centralized/permissionless or permissioned blockchain are. Permission less: Pe...

What Is IPFS ?

What Is IPFS ?

IPFS stands for Inter Planetary File System. Interplanetary File System is a protocol and network designed to create a content-addressable, peer-to-peer method of storing and sharing hypermedia in ...

A Blockchain Based Digital Identity And Voting System

A Blockchain Based Digital Identity And Voting System

The finance industry is seeing big strides with using blockchain technology, but this is not the only industry that will be able to use this technology. While blockchain is strongly associated with...

What Are Blockchain Forks ?

What Are Blockchain Forks ?

What happens if two miners find a block at almost the same point in time? PoW blockchains resolve such conflicts called blockchain fork and how attacks might utilize this resolution mechanism to perf...

What Are Master Nodes ?

What Are Master Nodes ?

The Bitcoin blockchain network is composed of nodes and nodes are basically computers connected to the internet, running the Bitcoin or other blockchain software. The Bitcoin network is a peer-to-p...

Blockchain vs Cryptocurrencies

Blockchain vs Cryptocurrencies

Blockchain is a technology that enables movement of digital coins or cryptocurrency or digital assets from one individual to another and Cryptocurrencies are those assets which are...

Cost Of Storing Data On The Blockchain

Costs Of Storing Data On The Blockchain

Blockchain, by design and definition, defines a particular type of database. It is constructed to read only once database.  What that means is, they are designed to be only ever created, and not ed...

Millennials Will Use Blockchain Technology To Change The World They Live In

Millennials Will Use Blockchain Technology To Change The World They Live In

One notable element about millennials in the modern society is their constant addiction to technology trends. They spend most of their time glued to either computers or their phones surfing through...