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Blockchain Consensus Algorithm

Blockchain Consensus Algorithm: Proof of Stake Vs. Proof of Work


A consensus algorithm is a process used to achieve agreement on a single data which are designed for creating reliability in a network involving multiple nodes. In view of many Blockchain Consulting companies, it is helpful algorithm for solving the issues in distributed computing and Multi agent systems. There are multiple kinds of consensus algorithms in Blockchain Technology which currently exists. Let’s know the difference between two of them Proof of Stake and Proof of...

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Blockchain and Architecture

Blockchain and Architecture


Architecture overview In our time cryptocurrency has become a buzzword in both industry and organizations for higher education. As one of the most with good outcome crypto money used in a country, bitcoin has got pleasure out of a very great a good outcome. The architectural components are divided into three layers: the shared data layer, the shared protocol layer and an application layer. The shared data layer and shared protocol layer which are decentralized, open source and as per...

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Distributed System in Blockchain

Distributed System in Blockchain


Distributed systems in Blockchain are computing principles where two or more nodes work with each other in a coordinated fashion in order to achieve a common outcome. It is systemized in such a way that end users see it as a single logical platform. According to many Blockchain consulting companies the main challenge in distributed system design is coordination between nodes and fault tolerance. Here in this article we will learn distributed system in detail with current ecosystem. The...

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Blockchain Project Development Life Cycle

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...

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consensus mechanism in blockchain

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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