Blockchain

Discover the top 12 Layer 1 cryptocurrencies you should know about in 2024, including XRP and XLM. Learn the differences between Layer 1 and Layer 2 blockchains in this article!

Top 12 Layer 1 Cryptos You Should Know: There's XRP and XLM

Top 12 Layer 1 Cryptos You Should Know There's XRP and XLM.

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Top 12 Layer 1 Cryptos You Should Know There's XRP and XLM.webp

What is Decentralized Science (DeSci)? Learn how DeSci is revolutionizing science and overcoming the limitations of traditional models. Follow this article!

What Is Decentralized Science (DeSci) In Crypto?

What Is Decentralized Science (DeSci) In Crypto.

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What Is Decentralized Science (DeSci) In Crypto.webp

Vector Smart Gas (VSG) is the gas token of Vector Smart Chain (VSC), a Layer 1 blockchain that supports DeFi and real-world asset integration at low fees.

What is Vector Smart Gas (VSG)?

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Apa Itu Vector Smart Gas (VSG) (1).webp

WatBird launches $WAT coin and airdrop on September 23, 2024! Join TGE and join the airdrop for new tokens on the blockchain gaming platform.

WatBird Launches $WAT Coin and Airdrop on September 23, 2024

<img src="https://static.bittime.com/cms-static/upload/Wat_Bird_Luncurkan_Koin_WAT_dan_Airdrop_pada_23_September_2024_1_ee05646a5f.webp" alt="WatBird Luncurkan Koin $WAT dan Airdrop pada 23 September 2024" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;WatBird, a blockchain-based gaming platform with more than 3 million daily active users, has announced plans to launch the $WAT coin as well as an airdrop that will take place on September 23, 2024.&nbsp;This launch is part of WatBird's strategy to expand the reach of their Web3 ecosystem integrated with The Open Network (TON) blockchain.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/hamsterkombat?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/hamster_kombat_upcoming_listing_d9e1665dfb.webp" alt="hamster kombat upcoming listing.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">WatBird Announces $WAT Coin Launch and Airdrop Details</h2>The Token Generation Event (TGE) event on September 23, 2024 will mark the official launch of the $WAT coin. In this series of events, WatBird will host an airdrop to distribute $WAT tokens to eligible participants.&nbsp;The $WAT token will be a key component in the WatBird ecosystem, which is known for its blockchain-based games that allow players to overcome various obstacles and collect coins to earn digital rewards.<figure class="image"><img style="aspect-ratio:767/591;" src="https://static.bittime.com/cms-static/upload/watbird_da9553885e.webp" alt="WatBird Luncurkan Koin $WAT dan Airdrop pada 23 September 2024" width="767" height="591"></figure><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Game Mechanisms and Role of NFTs in the WatBird Ecosystem</h2>WatBird offers simple but interesting game mechanics, where players can exchange in-game rewards for real value. In the process, players can earn WatPoints—formerly known as Loot—by completing challenges and participating in staking activities.&nbsp;WatBird also provides mini-games and events to increase player engagement.NFT (Non-Fungible Tokens) is one of the main features in the WatBird ecosystem. NFT holders can enjoy a variety of exclusive in-game benefits, special rewards, as well as access to unique events. The existence of these NFTs provides added value for players and encourages active participation on the platform.<h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">How to Participate in WatBird Airdrop</h2>To take part in the airdrop hosted by WatBird, players need to participate in several activities within their ecosystem. One way to earn $WAT coins is through the “Hard Staking” mechanism.&nbsp;Users can stake GMEE tokens for 30 or 60 days to collect WatPoints. The number of GMEE tokens staked and the duration of staking affect the number of WatPoints earned, which can later be exchanged for $WAT coins at launch.&nbsp;Detailed criteria regarding airdrop requirements, including minimum staking amounts or game participation requirements, will be announced closer to the launch date.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Projections and Impact of WAT Coin Listing by WatBird</h2>After TGE, WatBird plans to list WAT coins on crypto exchanges. This step aims to provide wider access for traders and investors interested in WAT coins.&nbsp;The success of this listing is expected to increase token liquidity and visibility in the market, thereby attracting more participants into the WatBird ecosystem.With this launch and airdrop, WatBird hopes to expand its user base and strengthen their position in the blockchain-based gaming market. Players and investors are invited to take advantage of this opportunity and become part of the growing community and get involved in this innovative.<h2 style="text-align:justify;">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of Indonesia's best crypto applications, officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=market_analysis&amp;cn=400003">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=market_analysis&amp;cn=400003"> of&nbsp;Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=market_analysis&amp;cn=400003">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=market_analysis&amp;cn=400003"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.&nbsp;

WatBird Luncurkan Koin $WAT dan Airdrop pada 23 September 2024

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WatBird Luncurkan Koin $WAT dan Airdrop pada 23 September 2024 (1).webp

Babylon Chain combines the security of Bitcoin with the Proof-of-Stake (PoS) blockchain for secure, third-party-free staking results. Discover its main innovations and features.

What is the Babylon Chain? Bitcoin Security for PoS Blockchain

Apa Itu Babylon Chain Keamanan Bitcoin untuk Blockchain PoS

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Apa Itu Babylon Chain Keamanan Bitcoin untuk Blockchain PoS (1).webp

Smart Block Chain City (SBCC) is a blockchain platform for smart cities, integrating IoT, admin services, and community with decentralized tech.

What is a Smart Block Chain City (SBCC)?

<img src="https://static.bittime.com/cms-static/upload/What_is_a_Smart_Block_Chain_City_SBCC_ebbe1f55bd.webp" alt="Apa Itu Smart Block Chain City (SBCC)?" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Smart Block Chain City (SBCC) is a blockchain-based global platform that aims to create smart cities by utilizing decentralized technology. By using SBCC, users can experience the ease of managing IoT devices, administrative services and community activities on one integrated platform. SBCC adopts DAO (Decentralized Autonomous Organization) to provide personalized information through WEB 3.0 semantic technology.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?=cn400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Main Features of SBCC that Make Life in a Smart City Easier</h2><ol style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">SBCC Smart Home Cloud and IoT Wall Pad: The SBCC platform offers Smart Home Cloud and IoT Wall Pad ensuring security and high performance. With Wall Pad IoT, users can control smart home devices, such as heating, ventilation and energy management systems efficiently.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Smart Contract Verification by SBCC: SBCC provides real-time verification of smart contract records and algorithm databases, increasing transparency and security in every transaction carried out within its ecosystem.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">SBCC integration with Binance Smart Chain: SBCC leverages the Binance Smart Chain system to achieve block times of around 3 seconds through a proof-of-stake consensus algorithm. This allows building decentralized functions and better cross-chain compatibility.</li></ol><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Where to Buy SBCC Tokens</h2>To invest in SBCC tokens, you can purchase through cryptocurrency exchanges. This exchange allows you to buy, sell, and store SBCC tokens using fiat money or other cryptocurrencies. Some popular exchanges that provide SBCC are LBank. LBank makes it easy to purchase and trade SBCC tokens.<h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">SBCC Project and Its Functionality</h2>SBCC is a blockchain infrastructure project designed to make life in smart cities easier through the Smart Wall Pad application. The application enables control of IoT devices, management of residential complex services, as well as participation in community activities and local commerce. SBCC tokens are used in the token economy for payment, compensation, and decision making in the DAO by residents.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Functions of the SBCC Smart Wall Pad</h2><ol style="margin-bottom:0;margin-top:0;padding-inline-start:48px;"><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">IoT Device Control with SBCC: Easily manage devices such as heating, ventilation, and controls for electricity, gas, and water.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Service Management in Residential Complexes with SBCC: Makes it easier to pay administrative fees, manage parking and manage visiting vehicles.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Community Participation with SBCC: Enables use of community facilities, resident markets, as well as involvement in the DAO.</li><li style="background-color:transparent;color:#000000;font-family:'Helvetica Neue',sans-serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:400;list-style-type:decimal;text-decoration:none;vertical-align:baseline;white-space:pre;" dir="ltr" aria-level="1">Local Commerce with SBCC: Offers discount coupons for local businesses, group buying, and crowdfunding for small businesses near you.</li></ol>SBCC is different from existing local administrative or trading applications because it adopts a token economy, gamification with an X to Earn model, as well as a transparent and democratic DAO system. SBCC is an innovative solution for smart city living in the Web 3.0 era.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/login?cn=400001">&nbsp;Bittime</a>. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en?cn=400001">&nbsp;Bittime</a>, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?cn=400001">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;of Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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What is a Smart Block Chain City (SBCC).webp

Tether decided to cancel its blockchain launch plan. Why? Read this article to find out!

Tether Cancels Launch Own Blockchain

<img src="https://static.bittime.com/cms-static/upload/Tether_Cancels_Launch_Own_Blockchain_48a6463d96.webp" alt="Tether Cancels Launch Own Blockchain" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com?content_id=news&amp;cn=400001">Bittime</a> -&nbsp;Tether, the company that issued the&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/trade/USDT-IDR?content_id=news&amp;cn=400001">USDT</a> stablecoin, decided to halt plans to launch their own blockchain. Why? Read this article to find out more!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=airdrop&amp;cn=400005"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">The Blockchain Market is Saturated</h2>Ardoino revealed that despite having a market value of $117 billion, Tether decided not to launch its own blockchain because the market was already saturated with various blockchain options.&nbsp;According to him, blockchain has the potential to become a commodity in the future, so too many choices will actually reduce the unique value of each blockchain. This decision is in line with Tether's approach of preferring to remain "agnostic" towards blockchain.&nbsp;This means that Tether doesn't care which blockchain USDT is traded on, as long as that blockchain can guarantee a high level of security and sustainability. Ardoino stressed that for Tether, blockchain is just a transportation layer, not something they should own exclusively.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/tether-akan-luncurkan-usdt-di-blockchain-aptos">Tether to Launch USDT on Aptos Blockchain&nbsp;</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Blockchain Dominance Statistics</h2>Tether's decision is also supported by data showing the dominance of several large blockchains in the market.&nbsp;According to data from DefiLlama, of the total 306 blockchains in existence, the top 5 blockchains account for around 86% of TVL. For example, Ethereum leads with a TVL of around $87.7 billion, which accounts for the majority of the $133.2 billion TVL across blockchains.This dominance shows that the blockchain market is indeed highly competitive, and launching a new blockchain will face huge challenges to attract user attention and adoption.&nbsp;Tether realized this and chose not to compete in an already crowded market, instead focusing on improving services on existing blockchains.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/reward/dogsairdrop?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/airdrop_dogs_bittime_14f57ae441.webp" alt="airdrop dogs bittime.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">Tether Agnostic Approach</h2>One of the main points to emphasize Ardoino is Tether's agnostic approach to blockchain. That way, Tether is not tied to one particular blockchain, but supports USDT on various existing blockchains.&nbsp;This gives Tether the flexibility to continue to grow and adapt to changes in the industry, without being limited to a specific technology infrastructure.This decision also allows Tether to remain focused on their core business, namely providing safe and reliable stablecoins to users around the world.&nbsp;By not being tied to one particular blockchain, Tether can ensure that USDT remains accessible and tradeable across multiple blockchain ecosystems, be it Ethereum, Binance Smart Chain, Tron, or other blockchains.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en/blog/tether-luncurkan-usdt-di-blockchain-ton">Tether Launches USDT on TON Blockchain on Simplex Payment Gateway</a><h2 style="line-height:1.38;margin-bottom:12pt;margin-top:12pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum asset purchase at Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;</a>price&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001"> Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL)</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Tether Cancels Launch Own Blockchain.webp

Tether Cancels Plans to Launch Its Own Blockchain

Block is the basic unit of blockchain technology, which is crucial to understanding how this revolutionary system works. 

What is a Block in Blockchain?

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What is a Block in Blockchain.webp

Block is the basic unit of blockchain technology, which is crucial to understanding how this revolutionary system works. Blocks form the backbone of blockchain by storing transaction data securely and decentralized.

Blockchain is the technology underlying many modern digital applications, from crypto to smart contracts. Check out the complete explanation in this article!

  How does blockchain work and what are its types?

<img src="https://static.bittime.com/cms-static/upload/Bagaimana_Cara_Kerja_Blockchain_dan_Apa_Saja_Jenisnya_1_4911989136.png" alt="Bagaimana Cara Kerja Blockchain dan Apa Saja Jenisnya (1).png" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Blockchain is the technology underlying many modern digital applications, from crypto to smart contracts. In simple terms, blockchain is a decentralized and transparent information recording system, which allows transactions and data to be recorded in “blocks” that are connected in an immutable order. This article will explain how blockchain works and the various types on the market today.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=edu&amp;cn=400002"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Basic Concepts of How Blockchain Works</h2>Blockchain functions as a digital ledger distributed across a computer network. Each block in a blockchain contains a collection of data that has been validated and confirmed by the network. When data is added to a block, the block is linked to the previous block using cryptography, forming a chain of interconnected blocks. This process ensures data integrity because any change to one block will affect subsequent blocks, making it nearly impossible to change information that is already registered.<h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Validation and Consensus Process</h2>One of the main features of blockchain is the consensus mechanism used to validate transactions and data. In a blockchain network, participants, known as nodes, work together to verify transactions before adding them to blocks. There are several consensus methods, including Proof of Work (PoW) and Proof of Stake (PoS). PoW, used by Bitcoin, requires nodes to solve complex mathematical puzzles before they can add new blocks. While PoS, used by Ethereum 2.0, allows nodes to validate transactions based on the number of coins they hold.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=edu&amp;cn=400002"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="Banner Blog.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Types of Blockchains</h2>There are several types of blockchain designed to meet different needs and purposes. The main types include:<ul><li>Public Blockchain:&nbsp;Public blockchains like Bitcoin and Ethereum are open to the public, meaning anyone can join the network, verify transactions, and participate in the consensus process. This blockchain is very secure due to its high decentralization and transparency.</li><li>Private Blockchain: Private blockchains are restricted to specific users or entities only. Usually used by companies to manage internal data or share information with certain partners. An example of a private blockchain is Hyperledger Fabric used in a corporate environment.</li><li>Consortium Blockchain: This type of blockchain is a mix of public and private, where access is restricted but still involves multiple organizations. Consortium blockchain allows multiple companies to work together to manage and share data. A frequently used example is R3 Corda which is designed specifically for the financial industry.</li><li>Hybrid Blockchain: Hybrid blockchains combine elements of both public and private blockchains, providing the flexibility to have some aspects open to the public and some private. Hybrid blockchain allows organizations to leverage the power of both according to their needs.</li></ul><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">Benefits and Challenges of Blockchain</h2>The main advantages of blockchain include transparency, security, and decentralization. This technology reduces the need for middlemen, which can reduce costs and increase efficiency. However, blockchain also faces challenges such as scalability, high energy consumption, and the need for clear regulations.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=edu&amp;cn=400002"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:18pt;" dir="ltr">The Future of Blockchain</h2>Blockchain continues to evolve with new innovations designed to overcome existing challenges and improve its functionality. This technology has the potential to transform various industries by offering safer, more efficient and transparent solutions. As adoption and development continues to grow, the future of blockchain promises to bring significant changes in the way we transact and share information.Overall, blockchain is a revolutionary technology with great potential to change the way we operate in various sectors. Understanding how blockchain works and the types can help us utilize this technology effectively and prepare for the changes that are coming.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=edu&amp;cn=400002"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=news&amp;cn=400001">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">&nbsp;of Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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thumbnail_Bagaimana Cara Kerja Blockchain dan Apa Saja Jenisnya (1).png

 How does blockchain work and what are its types?

Blockchain is a distributed digital ledger technology that offers high security and transparency for various types of data

What is Blockchain: Definition, Types and Functions

<img src="https://static.bittime.com/cms-static/upload/What_is_Blockchain_Definition_Types_and_Functions_a6ac4fbb97.webp" alt="What is Blockchain: Definition, Types and Functions" width="2048" height="1152"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en?cn=400001">Bittime</a> -&nbsp;Blockchain is a distributed digital ledger technology that offers high security and transparency for various types of data, including crypto transactions, banking, and digital asset transfers.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=edu&amp;cn=400002"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">What is Blockchain?</h2>Basically, blockchain is a distributed digital ledger that stores any data. It can store information about cryptocurrency transactions, NFT holdings, or decentralized smart contracts. While conventional databases can store this type of data, blockchain is different because it is completely decentralized.&nbsp;<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog?content_id=edu&amp;cn=400002"><img src="https://static.bittime.com/cms-static/upload/Banner_Blog_7d687b658d.webp" alt="cara trading di bittime" width="2985" height="620"></a>Many identical copies of a blockchain database are stored on many computers across a network rather than kept in one place by a centralized administrator, as is the case with a bank database or Excel spreadsheet. This single computer is called a node.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">What Does Blockchain Look Like?</h2>Collections of data in a virtual chain that are linked to each other chronologically are called blocks. Blockchain is similar to a train consisting of many carriages connected to each other, with each carriage containing a certain amount of data. This is similar to passengers in a train car in the real world; blocks can only contain a certain amount of data before they are full.Each block also has a timestamp, which makes it clear when the data was recorded and saved. This is especially important for transaction or supply chain data, as it is critical to know when a package or payment was processed.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">How Does Blockchain Work?</h2>The reason why blockchains are considered so secure is their creation process. Before a new block is added to the ledger, most nodes must verify and confirm the validity of the new data. Ensuring that coins are not spent more than once for cryptocurrency or ensuring that new transactions in a block are not fraudulent. Unlike a stand-alone database or spreadsheet, where someone can make changes without anyone else seeing.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">For What Purposes is Blockchain Used?</h2>Blockchain is used for many things, such as providing financial services and monitoring voting systems. As for others such as:<h3 style="line-height:1.7999999999999998;margin-bottom:4pt;margin-top:16pt;text-align:justify;" dir="ltr">Cryptocurrency</h3>One of the most common uses of blockchain today is as the backbone of cryptocurrencies such as Bitcoin or Ethereum. On the blockchain it is recorded every transaction made by people who buy, exchange or spend cryptocurrency. The more people use cryptocurrencies, the wider the spread of blockchain.<h3 style="line-height:1.7999999999999998;margin-bottom:4pt;margin-top:16pt;text-align:justify;" dir="ltr">Banking</h3>Apart from crypto assets, blockchain is also used to process transactions in fiat currencies, such as dollars and euros. These transactions can be processed more quickly than sending money through banks or other financial institutions because they can be verified and processed outside of regular business hours.<h3 style="line-height:1.7999999999999998;margin-bottom:4pt;margin-top:16pt;text-align:justify;" dir="ltr">Asset Transfer</h3>Additionally, blockchain can be used to record and transfer ownership of various assets. Currently, digital assets such as NFTs, representations of art ownership, and digital videos are very popular. But blockchain can also be used to process ownership of real assets, such as vehicle deeds and real estate. First, both parties will use blockchain to ensure that one party owns the property and the other party has the money to purchase. After that, they can complete and record the sale on the blockchain.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:18pt;text-align:justify;" dir="ltr">Conclusion</h2>Blockchain, an innovative technology, can be used as a distributed digital ledger to store various types of data. Blockchain offers security and transparency that conventional databases cannot provide because of its decentralization. With its timestamp and interconnected block structure, blockchain records data with high accuracy and prevents unauthorized changes. Banking, digital and physical asset transfers, cryptocurrencies, and other transactions are used because of blockchain's ability to process and verify transactions quickly and securely. As technology continues to develop, blockchain has the potential to change many aspects of daily life and various industries.<h2 style="line-height:2.16;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=edu&amp;cn=400002"><img src="https://static.bittime.com/cms-static/upload/Banner_Daftar_Bittime_c71afe9bcb.webp" alt="Banner Daftar Bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=edu&amp;cn=400002">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=edu&amp;cn=400002"> of&nbsp;Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=edu&amp;cn=400002">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=edu&amp;cn=400002"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Argo Blockchain (NASDAQ: ARBK), a Bitcoin mining company, recently completed a private placement financing round totaling approximately £6.5 million (equivalent to $8.3 million). This financing involves the issuance of common shares to institutional investors. Read more here!

Argo Blockchain Completes $8.3 Million Financing for Expansion

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Puffer Finance, a leading protocol in the restaking space, announced a new partnership with ZetaChain, a public blockchain known for its various technology solutions. Through this collaboration, ZetaChain will allocate $500,000 worth of $ZETA tokens to the Puffer Finance community as part of efforts to expand adoption and benefits of both platforms. Read here!

Puffer Finance and ZetaChain Collaborate: $500,000 in ZETA Tokens

Puffer Finance dan ZetaChain Jalin Kerja Sama 500,000 dalam Token ZETA.webp

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Puffer Finance dan ZetaChain Jalin Kerja Sama 500,000 dalam Token ZETA (1).webp

What exactly is blockchain? And how does it work? Read more in this article!

What is Blockchain?: Definition and How it Works

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What is Blockchain? Definition and How it Works

Among the many blockchains currently available, there are the top blockchains with the number of active users in Q2 2024. Want to know more? Keep following this article!

Top Blockchains with Number of Active Users in Q2 2024, What Are They?

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Top Blockchains with Number of Active Users in Q2 2024, What Are They.jpg

Total Value Locked (TVL) is an important indicator of blockchain success. Check out the following article to get information about the top blockchains with the best TVL!

Top Blockchain with the Best TVL Growth in Q2 2024

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Top Blockchain with the Best TVL Growth in Q2 2024.png

Nigeria plans to establish a research center focused on emerging technologies such as AI, IoT, and blockchain. Read this article for the full story!

Nigeria Plans to Establish AI and Blockchain Research Center

<img src="https://static.bittime.com/cms-static/upload/Nigeria_Plans_to_Establish_AI_and_Blockchain_Research_Center_3d357d81b3.png" alt="Nigeria Plans to Establish AI and Blockchain Research Center" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Nigeria announced plans to establish a research center focused on emerging technologies such as artificial intelligence (AI), Internet of Things (IoT), and blockchain. The initiative will be implemented in 6 geopolitical zones across the country, with the aim of driving innovation in critical areas such as drones, additive manufacturing, AI and robotics.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Lucky_Draw_Bittime_072d476ddf.jpg" alt="Lucky Draw Bittime" width="746" height="155"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Established a Research Center of Nigeria&nbsp;&nbsp;</h2>This announcement was made by the Director General of NITDA, Kashifu Inuwa, at the West African Internet of Things conference in Lagos. In his remarks, Inuwa emphasized commitment to developing a strong technology research ecosystem in Nigeria.&nbsp;These research centers are expected to be the main driver of innovation in various fields, including blockchain technology which is increasingly popular in the world. With this research center, Nigeria hopes to attract more investor attention and strengthen its position as a leading technology hub in Africa.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Staking_Meme_Coin_3f18ac9bb9.jpg" alt="Staking Meme Coin" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Support for Startups in Nigeria</h2>Apart from establishing a research center, NITDA also plans to support Nigerian startups in developing the latest technology products. NITDA will create an innovation sandbox to help startups develop use cases, build businesses, and bring their products to market. This move is expected to strengthen the startup ecosystem in Nigeria and encourage economic growth through technological innovation.The initiative will also be supported by the “Three Million Technical Talents” (3MTT) program which aims to train 3 million Nigerians by 2027. The program aims to increase the number of developers in Nigeria and ensure that the country has sufficient human resources to support growth of the technology sector.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/login?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Gift_Bittime_15a13fc781.jpg" alt="Gift Bittime" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Nigeria as Africa's Silicon Valley</h2>Nigeria's potential to become the "Silicon Valley of Africa" ​​is not only recognized by the government, but also by industry leaders. Shitij Taneja, Managing Director of Vertex Next, organizer of the IoT West Africa conference, highlighted Nigeria's huge potential with its large young population and dynamic startup ecosystem.&nbsp;&nbsp;Nigeria also recently launched its first multilingual large language model as part of a push to lead in AI development in Africa. This move shows Nigeria's commitment to not only keep pace with global technological developments, but also to be a leader in technological innovation on the continent.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Nigeria Open Opportunities International Cooperation</h2>Not only focusing on domestic development, Nigeria is also opening the door to international cooperation. Recently, Nigeria and the United States announced intentions to discuss the digital economy, emerging technologies and AI.&nbsp;This discussion aims to explore potential partnership opportunities and strengthen economic ties between the two countries. This collaboration is expected to bring huge benefits to Nigeria in the form of foreign investment and technology transfer.<h2 style="line-height:1.656;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">How to Buy Crypto with Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?cn=400001"><img src="https://static.bittime.com/cms-static/upload/Cara_Beli_Crypto_di_Bittime_8a66f330dc.jpg" alt="Cara Beli Crypto di Bittime" width="776" height="273"></a>You can buy and sell crypto assets in an easy and safe way via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?cn=400001">&nbsp;Bitcoin (BTC)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?cn=400001">&nbsp;Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?cn=400001">&nbsp;Solana (SOL)</a>&nbsp;price and other cryptos to find out today's crypto market trends in real-time on Bittime.