Blockchains VS Distributed ledger Technology Blockchain is explored by a wide range of audiences daily. There are lots of terms used for the Blockchain technology; one of them is Distributed Ledger Technology (DLT). Blockchain and DLT are often used interchangeably but they are not same. Blockchain and DTL share the same objective ofContinue Reading
Blockchain Merkle Trees Merkle Trees are foundation components of the blockchain mechanism. The methodical, systematic, and reliable verification of content in unbounded and dispersed data sets is enabled with the use of Merkle Trees. Blockchain implementations such as Bitcoin and Ethereum use Merkle Trees as essentials. Merkle Trees help in validating theContinue Reading
In this Topic, we are going to learn about Applications of Blockchain. The blockchain is a technology that enables moving digital currencies from one side to another side. Some people refer bitcoins to blockchain but that facts are incorrect. The blockchain is a technology it’s completely different from Bitcoin. Some importantContinue Reading
Blockchain is an open and decentralized network, which stores redundant data at multiple sites called nodes (computers). Its properties, such as immutability, distributed control, highly secured encrypted blocks, and anonymity, make it ideal for solving many practical real-time problems. Considering all the properties of Blockchain, this article discusses its need for providing technicalContinue Reading
How Blockchain Works A Blockchain is simply a collection of records of time-stamped transactions that are managed by a group of servers. There is no central authority who controls the database. It can be updated by consensus between participants in the network, and a new transaction is recorded that canContinue Reading
Blockchain Definition Blockchain can be defined as a continuously growing chain of blocks, which is a decentralized, distributed, and immutable database that records the derivations of digital assets. Every user of the network can reach consensus without trusting each other. It is the world’s most trusted compact cryptocurrency company. It connects theContinue Reading
Blockchain Terminologies: In this section, we will learn about a few terminologies used in Blockchain technology. Understanding these terms will help you to learn the blockchain technology in an efficient way. 1. Transaction A transaction in Blockchain is defined as the unit of a task that is stored in the records.Continue Reading
Blockchain Architecture Let’s study the Blockchain architecture by understanding its various components: What is a Block? A Blockchain is a chain of blocks which contain information. The data which is stored inside a block depends on the type of blockchain. For Example, A Bitcoin Block contains information about the Sender,Continue Reading
History of Blockchain: Satoshi Nakamoto modeled the first Blockchain and explained the details of how a technology was well-found to enhance digital trust, given the immutable and decentralization aspect that says nobody would ever be in control of anything. 1991 Two scientist Stuart Haber and W. Scott Stornetta provided working of a cryptographical chain of blocks where no oneContinue Reading
The 21st century is all about digitalization and technology. With the rising need for modernization in our daily lives, people are exploring new technologies. Blockchain technology has created a stir in the past few years. we will be learning about every aspect of Blockchain technology. We will deal with the role andContinue Reading
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