Blockchain

A 3d rendering of bitcoin blockchain

Blockchain is a shared transaction of recording and tracking assets. It is an open distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.

BLOCK

Blockchain technology background in gradient blue

Block is a data structure inside a database, records recent transactions that are hashed and encrypted in the network. Block records permanent data, that is written and cannot be altered or removed in the network.

TECHNOLOGY MINING         

Technology mining is also called tech mining refers to applying text mining methods for technical documents. Tech mining works on different applications including portfolio selection, project initiation, new product development, and technology road-mapping.

TYPES OF BLOCKCHAIN NETWORK

There are four types of structure in the development network.

  • PUBLIC

A public has the access to allow anyone to join and completely decentralize, anyone can send transactions to the validator with no access restrictions.

  • PRIVATE

The private is referred to as permissioned blockchain. A private blockchain is restricted, anyone can not join it unless it is not invited by the administration.

  • HYBRID

A hybrid is an eccentric type of blockchain, that is a combination of centralized and decentralized features emerging both component factor public and private.

  • CONSORTIUM

A consortium is also called the federated blockchain. It is just like a hybrid blockchain involving both public and private features but different with multiple organization members to cooperate on a decentralized network.

CRYPTOCURRENCY  

coins lite coin and Bitcoin, against the backdrop of Japan and the Japanese flag, the concept of virtual money, close-up. Conceptual image of digital crypto currency.

It is a digital asset that works as a medium of exchange in block development technology. It works in the form of a computerized database using strong cryptography to secure transaction records to control the additional coins or transfer of coins ownership.

TYPES OF CRYPTO CURRENCY

  1. Bitcoin (BTS)
  2. Lite coin (LTC)
  3. Ethereum (ETH)
  4. Ripple (XRP)
  5. Bitcoin cash
  6. Ethereum classic
  7. Z cash (ZEC)
  8. Stellar lumen (XML)
  9. Bitcoin satoshi’s vision (Bitcoin SV)

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4 thoughts on “Blockchain”

  1. Hmm is anyone else experiencing problems with the pictures on this blog loading?
    I’m trying to figure out if its a problem on my end or if it’s the blog.
    Any suggestions would be greatly appreciated.

    1. @tinyurl Thankyou very much for your response. Well from my side the the picture of the blog is loading perfectly well and the other users are not facing the same problem.

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