pelufre
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June 08, 2018, 06:27:14 AM |
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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^^
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Ty13rDerden
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June 08, 2018, 06:27:45 AM |
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Grillo (OP)
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June 08, 2018, 06:29:30 AM |
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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
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luckylux
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June 08, 2018, 06:29:37 AM |
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In blockchain, how are blocks linked to each others ?
Backward to the previous block, i think so :d
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Ty13rDerden
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June 08, 2018, 06:29:48 AM |
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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.
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Ty13rDerden
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June 08, 2018, 06:31:23 AM |
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johnjay3000
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June 08, 2018, 06:31:38 AM |
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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
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luckylux
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June 08, 2018, 06:33:06 AM |
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Is the Blockchain Different from Banking Ledgers?
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Kisa San
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June 08, 2018, 06:34:33 AM |
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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.
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mekanical
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June 08, 2018, 06:35:05 AM |
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What are the different types of Blockchains?
publish, consortium, and private
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UnevenDRalffy
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June 08, 2018, 06:36:27 AM |
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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.
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Grillo (OP)
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June 08, 2018, 06:36:35 AM |
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There are 5 basic principles of the blockchain technology: Distributed database Peer-to-peer transmission Transparency with pseudonymity Irreversibility of records Computational logic
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mekanical
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June 08, 2018, 06:36:44 AM |
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It enables the information to be distributed among the users without being copied
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luckylux
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June 08, 2018, 06:36:55 AM |
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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?
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mekanical
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June 08, 2018, 06:37:45 AM |
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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.
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luckylux
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June 08, 2018, 06:39:06 AM |
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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!
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Kisa San
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June 08, 2018, 06:39:27 AM |
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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.
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luckylux
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June 08, 2018, 06:41:52 AM |
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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
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Ty13rDerden
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June 08, 2018, 06:42:47 AM |
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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.
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Ty13rDerden
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June 08, 2018, 06:45:05 AM |
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What are the different types of Blockchains?
publish, consortium, and private thanks for your answer!!!
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