Blockchain applications Development

Smart Contracts And Their Roles In Enterprise Business Blockchain Projects Smart contracts and blockchain are the Laurel and Hardy of the crypto world, always finding a parallel mention - just that they are a lot more serious than that! Smart contracts are progressing and are well-poised to become one of the most demanded features of blockchain technology. They could find their applications in any place where a ‘contract’ is relevant, right from legal and financial systems to even IoT and healthcare. Smart contracts eliminate the need for intermediaries and clerical delays, and this adds to automation, efficiency, cost-effectiveness and an advantageous rigidity in the processes. Imagine little things like your pharmacist having your drugs ready as soon as the doctor prescribes your medicines, and the pharmacist not being able to include any generic drug that might unpleasantly react with the prescribed ones! This is what smart contracts are capable of. These little pieces of

Cryptocurrencies have started to gain prominence in recent days. They are backed by blockchain technology. The decentralized nature and the associated reduction in the cost of transactions have contributed to the growing popularity of cryptocurrencies. Any currency that is used for a transaction requires the balance to be monitored, in addition to the facility to send or receive digital currency from other users. It is for this precise purpose that you will need to have a cryptocurrency wallet. What is a Cryptocurrency Wallet? The very mention of the word ‘wallet’ makes us think about a physical place where currency can be stored. However, cryptocurrency wallets are different. It would be surprising to know that these wallets do not store any currency. These wallets story access to the currency. In the technological jargon, a cryptocurrency wallet is described as a daemon. The access to the wallet is controlled by a couple of credentials - the public key and the private key