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Author Topic: BUILDING THE NEXT GENERATION OF E-COMMERCE  (Read 1738 times)
pelufre
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June 08, 2018, 06:27:14 AM
 #401

What type of records can be kept in a Blockchain? Is there any restriction on same?
There is no restriction on keeping records of any type in the Blockchain approach. Industries are using Blockchain for securing all types of records.
hope that will be helpful
Thanks a lot^^
Ty13rDerden
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June 08, 2018, 06:27:45 AM
 #402

Blockchain can be trusted due to so many reasons. Wink Wink Wink Wink
Grillo (OP)
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June 08, 2018, 06:29:30 AM
 #403

What are the different types of Blockchains?
There mainly three types of Blockchains that have emerged after Bitcoin introduced Blockchain to the world.
Public Blockchain
Private Blockchain
Consortium or Federated Blockchain
luckylux
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June 08, 2018, 06:29:37 AM
 #404

In blockchain, how are blocks linked to each others ?
Backward to the previous block, i think so :d
Ty13rDerden
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June 08, 2018, 06:29:48 AM
 #405

What type of records can be kept in a Blockchain? Is there any restriction on same?
There is no restriction on keeping records of any type in the Blockchain approach. Industries are using Blockchain for securing all types of records.
hope that will be helpful
Thanks a lot^^
I don't agree with you when you say it is no restriction on keeping records of any type in the Blockchain approach.
Ty13rDerden
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June 08, 2018, 06:31:23 AM
 #406

In blockchain, how are blocks linked to each others ?
Backward to the previous block, i think so :d
Can you say more about this? I do not quite get it?
 Shocked Shocked Shocked Shocked Shocked
johnjay3000
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June 08, 2018, 06:31:38 AM
 #407

In blockchain, how are blocks linked to each others ?
Backward to the previous block, i think so :d
I think it is correct, i heard about it once
luckylux
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June 08, 2018, 06:33:06 AM
 #408

Is the Blockchain Different from Banking Ledgers?
Kisa San
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June 08, 2018, 06:34:33 AM
 #409

Is the Blockchain Different from Banking Ledgers?
yes, they are : Banks and accounting systems use ledgers to track and timestamp transactions. The difference is that the blockchain is completely decentralized and an open source.
mekanical
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June 08, 2018, 06:35:05 AM
 #410

What are the different types of Blockchains?
publish, consortium, and private
UnevenDRalffy
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June 08, 2018, 06:36:27 AM
 #411

What are the different types of Blockchains?
There mainly three types of Blockchains that have emerged after Bitcoin introduced Blockchain to the world.
Public Blockchain
Private Blockchain
Consortium or Federated Blockchain

thanks for the information.
Grillo (OP)
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June 08, 2018, 06:36:35 AM
 #412

What is the principle on which blockchain technology is based on? Cool Cool Cool
There are 5 basic principles of the blockchain technology:
Distributed database
Peer-to-peer transmission
Transparency with pseudonymity
Irreversibility of records
Computational logic
mekanical
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June 08, 2018, 06:36:44 AM
 #413

What is the principle on which blockchain technology is based on? Cool Cool Cool
It enables the information to be distributed among the users without being copied
luckylux
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June 08, 2018, 06:36:55 AM
 #414

Is the Blockchain Different from Banking Ledgers?
yes, they are : Banks and accounting systems use ledgers to track and timestamp transactions. The difference is that the blockchain is completely decentralized and an open source.
sorry I didn't quite get it, decentralized and open source? can you explain more?
mekanical
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June 08, 2018, 06:37:45 AM
 #415

What is the principle on which blockchain technology is based on? Cool Cool Cool
There are 5 basic principles of the blockchain technology:
Distributed database
Peer-to-peer transmission
Transparency with pseudonymity
Irreversibility of records
Computational logic
that is a useful information.
luckylux
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June 08, 2018, 06:39:06 AM
 #416

What is the principle on which blockchain technology is based on? Cool Cool Cool
There are 5 basic principles of the blockchain technology:
Distributed database
Peer-to-peer transmission
Transparency with pseudonymity
Irreversibility of records
Computational logic
The information is really helpful, many thanks!
Kisa San
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June 08, 2018, 06:39:27 AM
 #417

Is the Blockchain Different from Banking Ledgers?
yes, they are : Banks and accounting systems use ledgers to track and timestamp transactions. The difference is that the blockchain is completely decentralized and an open source.
sorry I didn't quite get it, decentralized and open source? can you explain more?
This means that people do not have to rely on or trust the central bank to keep track of the transactions. The peer-to-peer blockchain technology can keep track of all the transactions without the fear of having them erased or lost.

Furthermore, the blockchain, because of its open-source nature, is more versatile and programmable than central banking ledgers. If programmers need new functionality on the blockchain, they can simply innovate on top of already existing software through consensus. This is difficult for central banks because of all of their regulations and central points of failure.
luckylux
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June 08, 2018, 06:41:52 AM
 #418

Is the Blockchain Different from Banking Ledgers?
yes, they are : Banks and accounting systems use ledgers to track and timestamp transactions. The difference is that the blockchain is completely decentralized and an open source.
sorry I didn't quite get it, decentralized and open source? can you explain more?
This means that people do not have to rely on or trust the central bank to keep track of the transactions. The peer-to-peer blockchain technology can keep track of all the transactions without the fear of having them erased or lost.

Furthermore, the blockchain, because of its open-source nature, is more versatile and programmable than central banking ledgers. If programmers need new functionality on the blockchain, they can simply innovate on top of already existing software through consensus. This is difficult for central banks because of all of their regulations and central points of failure.
by the way could you please explain a real-life use-case where blockchain is being used? thanks
Ty13rDerden
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June 08, 2018, 06:42:47 AM
 #419

Well, a block or the entire blockchain is protected by a strong cryptographic hash algorithm. Each block has a unique hash pointer. Any modification in the block constituents will result in the change in the hash identifier of the block.  Therefore, it offers an excellent level of security. Thus, one needs not to worry about the safety as well as the security of data that is present in a block.
Ty13rDerden
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June 08, 2018, 06:45:05 AM
 #420

What are the different types of Blockchains?
publish, consortium, and private
thanks for your answer!!!
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