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Author Topic: The Components of Blockchain  (Read 29 times)
CryptoDamon
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July 11, 2018, 06:48:03 AM
 #1

We are always talking about bitcoin and other altcoins. There are some of us who doesn't even know blockchain which is the real deal of this brilliant technology. There are 4 components of a blockchain.
 
a node application

a shared ledger

a consensus algorithm

a virtual machine

You can read more in here. https://medium.com/@neocapita/the-logical-components-of-blockchain-870d781a4a3a

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nakamura12
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July 11, 2018, 12:49:29 PM
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a consensus algorithm
One of the most important components of blockchain where it solves each node for every nodes arrive at a single view of the ledger with each nodes to be attained using consensus algorithm. Hope that I'm right.

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