BLOCKCHAIN FOR NEWBIES
This article is next in series to the previous one that talked about data contracts. The example contract in the previous discussion was inheriting from a contract called “ACLContract”, but we were not using any feature provided by the ACLContract as we were yet to see how ACL (Access Control List) and “eventing” could be used to deliver access control and access logging facility.
A lot of cryptocurrency enthusiasts are keeping a close eye on the Lightning Network. Over in the Litecoin world, they prefer to view it as the Litening Network, albeit they are one and the same technology. A new form of Lightning Network implementation has come to surface, known as Lit. It offers some advantages and shares similarities with LN as we know it.
Ethereum standard clients expose an interface for making the RPC (Remote Procedure Call) to contract code deployed on the blockchain.
There are quite a few different aspects of the Bitcoin ecosystem novice users may not be aware of. In some cases, users can come across a bitcoin transaction which is rejected by a particular node. This is usually a direct result of a transaction being pruned from the node’s database. Although this does not mean anything negative is happening, it can be confusing for some people.
Bitcoin got caught in another media storm this week, though only in a supporting role this time around. The ongoing ransomware attack by the name of “WannaCry,” sometimes also referred to as “WannaCrypt0r,” “Wcry,” “WanaCry,” “WannaCrypt” or “Wana Decrypt0r,” infected over 230,000 computers in over 150 countries over the past couple of days, and demands that victims pay a ransom in the cryptocurrency.
So what is ransomware, and what does Bitcoin have to do with all of this?