Blockchain Component: Merkle Tree
As explained (Blockchain council, 2017) , Merkle tree is very important concept in cryptography that helps in data verification of large data securely and efficiently. In view of Blockchain consulting companies , A Merkle tree is the summary of all transactions in a block and is a digital fingerprint of the entire set of transactions. Thus, any user can verify whether a transaction is included in a Block or not. Merkle tree is created by repeatedly hashing pairs of nodes until there is...
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Blockchain Technology for E-Governance
This article elaborates how Blockchain is used in Government sectors. A few decades ago, Governments started using the internet to improve their operations, they may soon start using Blockchain, as it has several benefits. Lately, Governments has been interested in this technology. Government trying to use Blockchain technology in traditional systems because the advantages of using blockchain into current systems are immense, especially in some specific public-sector areas. Apart from...
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Popular Blockchain Platforms: Bitcoin, Ethereum, Hyperledger and Quorum
The blockchain is a digital ledger of economic transactions, which programmed across a peer-to-peer network. Using the Blockchain Technology, participants can confirm transactions without any need for a central clearing authority. Many Blockchain Consulting companies are currently active using some of the Blockchain Platforms like Bitcoin, Ethereum, Hyperledger and Quorum. We here by discuss their basic key points. Bitcoin What is...
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Block, Blockchain and Distributed Ledger Technology
What is a ledger? In layman’s term, ledger is a set of records that helps keep track of all business financial activities in an Organization. In other words, Ledger is a database where confirmed and validated transactions are recorded. E.g. When Alex sends US $4 to Bob, it passes through central system like bank and bank records these transactions in centralized database called ledger of the bank. What is Distributed Ledger Technology? Distributed ledger, as defined by...
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How to Improve UX on Your Website
A steady influx of new customers is the lifeblood of every business, as there’s no thriving and growth without it. You can’t even expect to maintain the status quo without it, as according to relevant industry stats 50% of customers naturally churn every 5 years. This means that driving traffic to your website should be among your top priorities, but it’s only one part of the equation, because all your efforts will be in vain if you fail to keep visitors and make them come...
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