Blockchain project development life cycle
There are 8 steps to Blockchain project development cycle that needs to be considered before starting any project in Blockchain. Let us decode, how to commence with Custom Blockchain Software Development in only 8 easy steps. Identify the problem and goal The Blockchain is a revolutionary technology so people these days want to include it in their projects but it should not be done always. The Blockchain is not always useful as it has space issues, everyone in the network needs to...
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What is Consensus Mechanism in Blockchain System?
Blockchain technologies top the lists of 2018’s hot trends. Many blockchain consulting companies already back their products with blockchain technologies. Competitors use different approaches to emphasizes different aspects and pitching them as features to their customers. So here we will know some particular aspects of Blockchain technologies that is “Consensus Mechanism”. A consensus is a fault trace Mechanism useful in Blockchain systems to achieve agreement single state...
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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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