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Showing posts from May, 2023

What is Hybrid Blockchain ?

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  A hybrid blockchain is a combination of both private and public blockchains, providing better transparency, data security, and privacy. Since it is open and accessible to the public, the blockchain validates transaction data by using a blockchain consensus mechanism. Then, the data is stored in a private blockchain that can be accessed by users with permission. Business organizations could have better control over what they need to achieve instead of changing their plans due to technological limitations. Ideally, a hybrid blockchain means controlled access and autonomy at the same time. Hybrid blockchain architecture is entirely customizable so that the hybrid blockchain members can decide who can join the blockchain or which transactions should be made public. Functions of hybrid blockchain technology -: Increased security : Hybrid blockchain offers increased security as it combines the best features of both public and private blockchains. The private blockchain layer ensures that

Surging of Crypto ATMs — A Detailed View

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  A Crypto ATM is a terminal that allows investors to buy or sell cryptos such as Bitcoin, Ethereum, and other altcoins by using cash transactions, bank cards, and payment gateways. In recent years, there is an upsurge in public responsiveness about crypto supporting the usage of crypto ATMs. The COVID-19 pandemic had a slight impact on the crypto industry, but the industry witnessed a positive rise in the first financial quarter of 2021 as crypto ATMs enabled customers to transfer and receive crypto online without requiring any physical contact. Rise of Global Crypto ATM Bitcoin (BTC) ATMs are garnering popularity for assuring ultimate financial confidentiality being tamper-proof and providing an instant way to buy or sell crypto’s. Bitcoin ATMs ensure ultimate security as users need not attach their personal information. Cryptos can be transferred only if the user shares their accurate security credentials. These ATMs are fortified to protect against software and hardw