BITCOIN BASIC III So, in the last discussion, we have discussed that whenever a new node comes to join for a bitcoin network so that a new A node can join in an existing bitcoin network and then get updated to the most recent copy of the blockchain. Now, in this particular discussion, BITCOIN BASIC … Read more What is the bitcoin transaction network
bitcoin script In the last discussion, we have looked into a little detail about the bitcoin basic-2 transactions and how we make a transaction of certain bitcoin from one account that is characterized by an address. from one bitcoin address to another bitcoin address now in this particular discussion we will look into the details … Read more what is bitcoin script
Bitcoin and how does it work we have looked into the basic blockchain architecture, its use cases like Bitcoin and smart contracts, and then we have looked into the basic cryptographic primitives in blockchain, as we have looked into the hash and cryptographic hash, functions, and digital signatures and we have also looked into how … Read more What is a Bitcoin and how does it work?
WHAT WE HAVE LOOKED INTO DIGITAL SIGNATURE IN BLOCKCHAIN What is the difference between public and private key cryptography? The cryptographically secure Hash function Collision free Information hiding Puzzle friendly Hash Pointers and Data Structures Hash chain Hash Tree-Merkle Tree So, in the last discussion we have looked into different aspects of cryptographic hash functions … Read more What is the difference between public and private key cryptography?
what is blockchain Architecture Now discussing the basic architecture of blockchain and its usefulness. In the last discussion, I have discussed the fundamentals of blockchain and how this blockchain technology can be applied in a wide way for different kinds of applications ranging from financial applications as well as different types of applications like smart … Read more what is blockchain Architecture?
THE PERMISSION-LESS MODEL The blockchain model Works in an open environment and over a large network of participants. The users do not need to know the identity of the peers, and hence the users do not need to reveal their identity to others Good for financial applications like banking using cryptocurrency In the conceptualization of … Read more PERMISSIONED BLOCKCHAIN MODEL?
SMART CONTRACT IN BLOCKCHAIN In the blockchain architecture, The term was coined by Nick Szabo, a computer scientist, and cryptographer, in 1996. Szabo claimed that smart contracts can be realized with the help of a public ledger. Blockchain architecture can be a pioneering technology to realize smart contracts. The smart contract term was first coined … Read more What Is Smart Contract in Blockchain?
FUNDAMENTALS OF BLOCKCHAIN FUNDAMENTALS OF BLOCKCHAIN: Blockchain is a Cryptographically secure hash functions Hash function: map any sized data to a fixed size; for example H(x)=x%n, where x and n are integers and % is the modular (remainder after division by n) operations. X can be of any arbitrary length, but H(x) is within the … Read more WHAT IS FUNDAMENTALS OF BLOCKCHAIN
Blockchain introduction Blockchain is a decentralized computation and information sharing platform that enables multiple authoritative domains, who do not trust each other to, cooperate, coordinate, and collaborate in a rational decision process. EXPLANATION:- so by definition blockchain the keyword that we have in this particular definition is this decentralized that is an important aspect of … Read more Blockchain introduction
Validity Consensus in r3 corda Validity Consensus is a recursive process and it could be time-consuming. That could act as a negative for Corda because of the fact that they do not have a global blockchain people are not validating transactions continuously but only a need to know basis when they are accessing that asset. … Read more CONSENSUS IN R3 CORDA