what is Distributed Consensus in blockchain

DISTRIBUTED CONSENSUS  Now we have discussed the permission model of blockchain. And we have looked into the details of a bitcoin network as an example of permission blockchain. And,  we have seen different aspects of a bitcoin network where users can join in the network and start doing the transaction. So, in this particular discussion … Read more what is Distributed Consensus in blockchain

What is the difference between public and private key cryptography?

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?

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?

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

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?