PERMISSIONED BLOCKCHAIN MODEL?

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?

What Is Smart Contract in Blockchain?

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?

Blockchain introduction

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

TRANSACTION FLOW IN R3 CORDA

TRANSACTION FLOW, SPLIT AND MERGE STATE IN R3 CORDA The R3 corda ledger is a directed  acyclic  graph of state sequences  that evolves over time  Transactions  can contain state of many types and they are atomic, i.e. all state changes  occur or nothing occurs Transaction can split and merge state  representing fungible assets EXPLANATION The Corda … Read more TRANSACTION FLOW IN R3 CORDA

WHAT IS R3 CORDA IN BLOCKCHAIN

WHAT IS R3 CORDA • R3 Corda is a distributed ledger platform for permissioned networks, inspired by blockchain technology. •Designed specifically considering requirements of  financial use cases •A distributed ledger, but no blockchain •Designed for data privacy •Corda opened sourced on nov 2016. •R3 offers corda  enterprise edition:    -Compatible with open sourced corda.    … Read more WHAT IS R3 CORDA IN BLOCKCHAIN

What is blockchain?

What is blockchain used for and how does blockchain work Blockchain 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-making process. the keyword that we have in this particular definition is this decentralized that is an important aspect … Read more What is blockchain?