Connect with us

Technology

Blockchain Technology And How It Works

Published

on

Blockchain Technology,How Blockchain Technology Works,Best Motivational Stories 2018,Best Startups in India 2018,Latest Startup News India,Startup stories,Blockchain Program,Economic Transactions,Blockchain Architecture,Digital Ledger Technology,Technology News 2018

If you have been living anywhere but in Antartica or under the rock for the past year (and surprisingly surviving,) then you most definitely have heard of blockchain technology at least once in your life. An innovation so great and bizarre, sometimes described as the next greatest invention after the internet, blockchain technology broke the web when it surfaced at the beginning of the year.

What is blockchain?

There are several definitions one can give to blockchain as a term. The most popular ones being the following:

a) Don and Alex Tapscott, authors of Blockchain Revolution, describe blockchain as, “an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions, but virtually everything else.”

b) Steve Wilson of ZD Net described it as, “an algorithm and distributed data structure for managing electronic cash without a central administrator among people who know nothing about one another. Originally designed for the crypto-currency Bitcoin, the blockchain architecture was driven by a radical rejection of at (government-guaranteed) money and bank controlled payments.”

Complex to the very core, the only thing that comes out clearly from these definitions is that blockchain basically consists of digital ledger technology, which lets transactions be broken into individual ones. In simple words, blockchain is like your very own personal ledger which cannot be broken or looked into! You know like when you have a diary that keeps being read by other people? The creators of blockchain made this technology what it is today because it is protected by a unique distributed network.

What is the unique distributed network?

The creators of blockchain realised very early on that only having a strong sense of control was not enough to protect this new creation. They had to have backups (with backups for the backups) for when things go wrong, so that anonymity and information is not only protected, but secured as well.

Simply put, if you have digital money, you need a wallet. Unlike specific wallets like Paytm, blockchain technology is the publicly accessible digital wallet with unique individual identifiers. People who want to make transactions via blockchain need to send messages and in order to send these messages, the users need keys. To make sure no one else has access to these keys, the technology needs security, which comes in the form of cryptographic keys. These cryptographic keys are made by keygens, which use complex mathematical equations to ensure complete security. Thereby, through this process, blockchain is made extremely secure.

When I first heard the word blockchain, I did not really understand what it meant. There was so much ambiguity in the term for me that I had to do a lot of digging up and understanding! Hope this helped clear the air for you as well!

 

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Artificial Intelligence

Adopt AI Secures $6 Million to Power No-Code AI Agents for Business Automation

Published

on

Adopt AI

Adopt AI, a San Jose and Bengaluru-based agentic AI startup, has raised $6 million in seed funding led by Elevation Capital, with participation from Foster Ventures, Powerhouse Ventures, Darkmode Ventures, and angel investors. The funding will be used to expand the company’s engineering and product teams and to scale enterprise deployments of its automation platform.

 

Founded by Deepak Anchala, Rahul Bhattacharya, and Anirudh Badam, Adopt AI offers a platform that lets businesses automate workflows and execute complex actions using natural language commands, without needing to rebuild existing systems. Its core products include a no-code Agent Builder, which allows companies to quickly create and deploy AI-driven conversational interfaces, and Agentic Experience, which replaces traditional user interfaces with text-based commands.

The startup’s technology is aimed at SaaS and B2C companies in sectors like banking and healthcare, helping them rapidly integrate intelligent agent capabilities into their applications. Adopt AI’s team includes engineers from Microsoft and Google, with Chief AI Officer Anirudh Badam bringing over a decade of AI experience from Microsoft.

The company has also launched an Early Access Program to let businesses pilot its automation solution and collaborate on new use cases.

Continue Reading

Latest News

Google’s Iconic ‘G’ Logo Gets First Update in 10 Years

Published

on

Google has refreshed its iconic ‘G’ logo for the first time in nearly 10 years, replacing the familiar solid blocks of red, yellow, green, and blue with a smooth, vibrant gradient that blends these colors seamlessly. This subtle update gives the logo a softer, more fluid, and modern appearance, aligning with Google’s evolving digital identity and current design trends.

The new gradient transitions smoothly from red to yellow, yellow to green, and green to blue, making the logo more visually appealing and adaptable across various devices, especially on mobile platforms. This redesign also reflects Google’s growing emphasis on artificial intelligence, echoing the gradient style used in the branding of Google Gemini, the company’s AI-generative assistant.

The updated ‘G’ logo has started rolling out on iOS through the Google Search app and on some Android devices, particularly Pixel phones running the Google app beta version 16.18. However, most other platforms, including the web and non-Pixel Android devices, still display the classic solid-color logo. A wider rollout is expected in the coming weeks.

So far, Google’s main wordmark and other product logos like Chrome, Maps, and Gmail remain unchanged. Given the shift toward gradient designs and AI-inspired visuals, similar updates to other Google icons may follow in the future.

In summary, this first major update to the ‘G’ logo since 2015 signals a subtle but meaningful shift in Google’s branding strategy, blending tradition with innovation as the company deepens its focus on AI and modern design aesthetics.

Continue Reading

Technology

Why Skype Lost to Zoom: The 2011 Turning Point?

Published

on

Skype

Skype’s downfall, culminating in its retirement on May 5, 2025, was set in motion as early as 2011 when Microsoft acquired the platform. While Skype was once synonymous with online calling, Microsoft’s stewardship led to stagnation. Instead of innovating, Microsoft focused on integrating Skype into its broader ecosystem and later shifted attention to Teams, cannibalizing Skype’s features and user base.

Skype’s peer-to-peer architecture struggled to adapt to the cloud era, making it less scalable and secure compared to cloud-native rivals like Zoom. As competition from WhatsApp, FaceTime, and especially Zoom intensified, Skype’s interface became cluttered and user experience suffered.

The COVID-19 pandemic should have been Skype’s moment, but it failed to capitalize. In 2020, Skype held a 32.4% market share, but by 2021, Zoom had surged to nearly 50% while Skype plummeted to just 6.6%. Users flocked to Zoom for its simplicity and reliability, while Skype’s daily user count actually dropped during this period.

Ultimately, Skype lost because it failed to modernize, innovate, and focus on what users valued most-simple, high-quality video calls. Its decline was less about Zoom’s brilliance and more about years of missed opportunities and strategic missteps.

Continue Reading
Advertisement

Recent Posts

Advertisement