fbpx

BLOCKCHAIN TECHNOLOGY

BLOCKCHAIN TECHNOLOGY

Current blockchain based projects are designed to function in a linear sequence; one operation functioning after the other. This is a crucial function so that operations occur precisely in their desired order. Read more…

A block is a container data structure. In the Bitcoin world, a block contains more than 500 transactions on average.So, a block is composed of a header and a long list of transactions. If you are a miner, your job is to gather transactions from the transaction pool in to a “candidate block”, and to try and add this candidate block to the blockchain. Read more…

Blockchain is a growing list of records, called blocks, that are linked using cryptography in a *linear sequence forming a chain. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, blockchain is resistant to any modification of the data. Read more…

Blockchain is just a decentralised database. What is a database? A database is a data structure used for storing information. This includes data that can be queried to gather insights for structured reporting used by entities to support business, financial and management decisions. Read more…