Tag Archives: #Smart Contracts

Blockchain – a selection of optimal solution for real projects

By Sergey Tsuprikov, NTR Lab Blockchain specialist

Blockchain technology continues to develop rapidly both in Russia and the worldwide. According to some recruiting agencies, the demand for blockchain specialists in just the Russian Federation has grown 40 times over the past six months.

There have been conducted about 10 hackathons for blockhain solutions in Russia over the past year. Many large Russian banks, such as Sberbank, Alfa Bank, Otkritie Bank, RosEvroBank, continue pilot projects to implement blockchain in their business processes and some have already switched its to commercial operations.

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Cryptocurrencies, Blockchain and Smart Contracts — Oh My!

by Peter Adrianov, Blockchain Developer of NTR Lab

In 2009 a new online payment system was created by an anonymous entity with the pseudonym of Satoshi Nakamoto. To this day no one knows if Nakamoto is one person or a group, but just about everyone has heard about what they created — bitcoin. Bitcoin became the first widespread cryptocurrency.

Cryptocurrency allows you to store its value without intermediaries. In this, it is similar to cash. As cash lies on your nightstand, your bitcoins are stored in a large file called a blockchain.

The file is structured so that new blocks can be added only to the end chain; nothing written previously can be changed. The blocks store records of transactions, what address to what address, amount, transaction time.

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