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
STATE AND VAULTS IN R3 CORDA state and Vaults in the R3 Corda storage aspect, each node in the network maintains a vault and it is really a database that tracks all the data that node is privative, so it has all the current and historic states for that node and different nodes can actually … Read more State And Vaults In R3 Corda
CORDA BRIEF OVERVIEW CORDA BRIEF OVERVIEW Corda is really a permission blockchain network or I should not really say it is a Blockchain because I should call it a distributed ledger but there is not a blockchain in Corda. for instance, there is not a notion of fully ordered transactions that are all hash chained … Read more BRIEF OVERVIEW OF 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 • 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 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?