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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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Blockchain Markel Tree

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 only...

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Blockchain Technology for E-Governance

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

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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blockchain ledger technology

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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