Luckydeni
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January 15, 2019, 03:21:17 PM |
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Choco_boy
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January 15, 2019, 04:01:20 PM |
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Wikipedia’s ‘master copy’ is edited on a server and all users see the new version.
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Whyknow78
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January 15, 2019, 04:44:37 PM |
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In the case of a blockchain, every node in the network is coming to the same conclusion, each updating the record independently, with the most popular record becoming the de-facto official record in lieu of there being a master copy.
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Croosss123
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January 15, 2019, 04:46:27 PM |
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So now, coming up next: Transactions are broadcast, and every node is creating their own updated version of events.
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Choco_boy
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January 15, 2019, 04:47:41 PM |
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This is still talking about blockchains and how do they work
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TheMrJordan23
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January 15, 2019, 04:49:12 PM |
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sworker
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January 15, 2019, 04:58:10 PM |
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eyahia_fahmid
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January 15, 2019, 05:11:15 PM Last edit: January 19, 2019, 05:00:50 PM by eyahia_fahmid |
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Rimidalv
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January 15, 2019, 05:15:53 PM |
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Choco_boy
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January 15, 2019, 05:17:23 PM |
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This is the difference that makes blockchain technology so useful
Like it represents an innovation in information registration and distribution that eliminates the need for a trusted party to facilitate digital relationships.
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Christ_bit
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January 15, 2019, 05:18:20 PM |
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However the blockchain technology, for all its merits, is not a new technology.
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Croosss123
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January 15, 2019, 05:19:42 PM |
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This is a combination of proven technologies that we must apply in a new way.
As an example: It was the particular orchestration of three technologies (the Internet, private key cryptography and a protocol governing incentivization) that made bitcoin creator Satoshi Nakamoto’s idea so useful.
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Whyknow78
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January 15, 2019, 05:23:00 PM |
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So now, we have three key points to consider before we continue:
Private key cryptography P2P network Program (Blockchain protocol)
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banna116
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January 15, 2019, 05:50:15 PM Last edit: January 21, 2019, 06:56:28 PM by banna116 |
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nix1977
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January 15, 2019, 06:28:18 PM Last edit: January 20, 2019, 02:54:03 AM by nix1977 |
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chanov1960
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January 16, 2019, 03:46:25 AM |
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sworker
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January 16, 2019, 04:53:22 AM Last edit: January 21, 2019, 02:32:16 PM by sworker |
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Shajid Hossain Biplob
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January 16, 2019, 04:56:22 AM Last edit: January 21, 2019, 08:12:17 AM by Shajid Hossain Biplob |
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