VICTORY ODIANOSEN

RESEARCH & DATA ANALYST

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Making Sense Of Blockchain Technology (WEB3)

As you already know we live in a fast-changing world. The web3 concept is currently the heart of the next-generation internet which many refer to as blockchain or cryptocurrency. It requires the functionality of blockchain technology to run. It is the internet era of freedom from centralization and privacy issues; where all forms of control ranging from internet interactions, i.e. content put out and consumed, ads and personal data are under the control of the user (you!), there is no need for a middleman entity requiring login or sign in details to use the blockchain.(continue reading)

Cryptocurrencies

There was a time in history when if you wanted something, you had to exchange an item with its owner for it. That was called trade by barter. It fell out of use when it could not be relied upon as a proper means of exchange. Not long from then, cowries, gold, silver, salt and precious stones became the items we attributed value to and if you wanted something, you would have to make that exchange with a measure or some pieces of these valuable items. Most recently the value for exchange became coins and paper money; dollars, pounds etc and if you need something, as long as you have the equivalent sum of money for that item, you are able to get it, otherwise you cannot. Gradually, we have moved to a cashless system where one can conveniently buy items with a credit/ debit card and so money changes hands without either party seeing any physical cash, only records of the transaction.(continue reading)

Blockchain Security

Blockchain technology enables decentralization through the participation of members across a distributed network where there is no single point of failure, and a single user cannot change the record of transactions. Given the decentralized nature of the Blockchain, there are no central authorities that validate and verify the transactions on the network, however, every transaction is secured and verified. For this to happen, a core aspect of any Blockchain network has to be present, it is called the consensus protocol/ mechanism.(continue reading)

Data, Privacy and the Metaverse: What You Need to Know.

The metaverse is a decentralized virtual world managed by a network of computers rather than a single company. Users can access it through VR headsets and apps, and these experiences can vary from exploring new places to socializing with other people, shopping, or participating in events such as sporting competitions. The technology is still in its early stages, but advances show great potential.(continue reading)

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