Blockchain Use Cases
Potential use cases of the blockchain: Proof of Existence : Demonstrating data ownership without revealing actual data Document timestamping Checking for document integrity Check out this What is Ethereum video by Intellipaat: [videothumb class="col-md-12" id="FxgC_Jet6zQ" alt="Ethereum Tutorial - Ethereum Explained" title="Ethereum Tutorial - Ethereum Explained"] Record Keeping : Data inserted and hashed into secure blockchains like Bitcoin creates permanent and Read More
History of Blockchain
Blockchain Background: Before getting into the depths of blockchain, it might be quite insightful for you to know the history of blockchain. In this module, we will make sure that you will glean maximum insights about the blockchain background and the history of blockchain. In 1991, when Stuart Haber and W. Scott Stornetta wanted to implement a system where document Read More
Benefits of Blockchain & Problems with Blockchain
Benefits of Blockchain : Before we shed light on the benefits of blockchain, let us invest some time in comprehending the need of blockchains in the first place. In this module, we shall also focus on the problems with blockchains and what is being done to mitigate those issues. In addition, we will also detail you about the future of blockchains. Read More
What is Blockchain?
What is Blockchain Technology?: “The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value,” Don & Alex Tapscott, authors of Blockchain Revolution (2016). In simple terms, Blockchain ledger is digital, distributed and decentralized. So, how does the blockchain technology work? As per the blockchain definition, Read More
Blockchain Currency – Cryptocurrency
What do you mean by Blockchain Currency? : Before understanding how blockchain and cryptocurrency twin together, let us first brief you about the precepts of cryptocurrency. What exactly is Blockchain Cryptocurrency? Basically, a digital asset, blockchain cryptocurrency is designed to work as a medium of exchange. Unlike physical currencies, blockchain cryptocurrency works on digital channels and are often adhered to strong Read More
How does blockchain work?
How does blockchain work?: Now that we are familiar with a few aspects of blockchains, let us analyze in-depth, how does the blockchain works. We know that blockchain is nothing but an endless inundation of blocks which are knit together like a chain, and that too in a specific order of cryptography. When it comes to storing transactional information in Read More
What Are Blockchain Wallets?: The whole concept of Blockchain is fascinating, no doubt. However, there is a catch here. As cryptocurrencies are becoming the order of the day in financial markets, a lot of patience goes into understanding and managing them. We know that cryptocurrencies are digital money, so where do we store them? The answer to this question is Read More
Ethereum and Smart Contracts
What is Ethereum?: Ethereum, a distributed open blockchain network was conceptualized by Vitalik Buterin in November 2013. The development of a Turing-complete language that allows the development of smart contracts for blockchain and decentralized applications unlike Bitcoin which is non-turing. The “Ether” is the cryptocurrency of Ethereum. Comparing Wei & Ether: Unit Wei Value Wei Wei 1 wei 1 Kwei Read More
What is blockchain explorer?: Well, even that is possible. Use an apt blockchain explorer and you are well on your way. Don’t you think about how we can traverse through blocks in a blockchain? An online tool, blockchain explorer is designed and devised to view all the information associated with blocks, addresses, and past and current transactions on a blockchain. Read More
What is Blockchain Database – Difference between Blockchain and Relational database
What is a blockchain database?: If we consider all that we have learned about blockchains so far, we can say that blockchains are quite sophisticated and complex. However, at the bottom line, they are not that complex. They are just like databases but are structurally and functionally different. While databases store data using ‘table’ data structures, blockchains store data in Read More
What is Blockchain Forks?: For a technology that is as sophisticated as blockchains, it won’t be wrong to say that the technology adheres to numerous limitations. With issues such as propagation delays, which refer to lag time between nodes sending and receiving data, transactions getting lost while being transmitted to receivers, and nodes going bad and transmitting false information, stakeholders Read More
What is Bitcoin Blockchain?
What is Bitcoin Blockchain? : Before we try to understand how bitcoin and blockchain are related, we must be adept with the precepts of bitcoins. We must also understand what role blockchain plays in the world of bitcoins. If you say that bitcoin is a cryptocurrency, you are correct. It is a form of electronic cash that functions just as general Read More
What is Blockchain Mining?
What exactly is Blockchain mining? : A peer-to-peer computer process, Blockchain mining is used to secure and verify bitcoin transactions. Mining involves Blockchain miners who add bitcoin transaction data to Bitcoin's global public ledger of past transactions. In the ledgers, blocks are secured by Blockchain miners and are connected to each other forming a chain. When we talk in depth, as Read More
What are Smart Contracts Blockchain?
What are Blockchain smart contracts with respect to Bitcoins?: On an evening when Nick Szabo was wondering about the purpose of security around bitcoins, he thought of incorporating software-based protocols to facilitate, verify, and enforce the negotiation or performance of a contract. These software models later were referred to as ‘blockchain smart contracts.’ The basic purpose behind the inception of Read More
Introduction to Bitcoin Economics: Now that we know what Bitcoins are and how to mine them, let's move forward and understand the economics of Bitcoins and its benefits along with going into the depths of solo and pooled mining techniques and more. Economics of Bitcoin: Only after each of the Block creation, which is at a reducing and settled rate, Read More
What is Ethereum Blockchain?
Ethereum Blockchain: An open-source, public, and blockchain-based distributed computing platform and operating system featuring a smart contract functionality, Ethereum enables distributed applications to be built and executed without any downtime, fraud, control, or interference from a third-party entity. Ethereum is not just a platform but also a Turing-complete programming language running on a Blockchain that helps developers publish distributed applications. Read More
What is Solidity?: With the mention that Ethereum can be used to write smart contracts, we tend to corner our mind to the fact that there must be some programming language with which these applications are designed. Yes, there is a programming language that makes it possible. It goes by the name ‘Solidity’. An object-oriented programming language, Solidity was developed Read More
What does ‘Hyperledger’ mean?: Neither a company nor a cryptocurrency and not a blockchain, Hyperledger is a hub for open industrial blockchain development. According to the official Hyperledger website, ‘Hyperledger is an open-source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by the Linux Foundation, including leaders in finance, banking, Internet of Things, supply Read More
What is Bitcoin?: Bitcoins are private, super-fast, cheap(transaction fees are minimal) and entirely decentralized. The structure of a Bitcoin block header consists of - Reference to a previous block hash The difficulty, timestamp and nonce The Merkle root Size Field Description 4 bytes Version A version number to track software/protocol upgrades 32 bytes Previous Hash block It is the reference Read More
What is Ripple Blockchain?
Ripple Blockchain: Developed by the US-based technology company Labs Inc. in 2012, is a real-time gross settlement system (RTGS), currency exchange, and remittance network. The most distinguishing feature of is its build schematics. Mounted on top of a distributed open-source protocol, supports tokens that represent fiat currency, cryptocurrency, commodities, and other units Read More
What is EOS Blockchain?
EOS Blockchain Protocol: EOS blockchain or EOS.IO is a blockchain protocol which is powered by its native cryptocurrency EOS. The protocol emulates almost every attribute of a real computer including CPUs, GPUs, local memories like RAM, and hard disk storages with computing resources that are distributed equally among EOS cryptocurrency possessors. Operating as a smart contract platform, EOS.IO is a Read More
Use Cases of Blockchains
Create your own ‘Private Blockchain’: Here’s a use case of blockchains. Being case-specific, this use case will help you understand how Blockchains can revolutionize all verticals in the marketplace. The use case centers around devising lightweight financial systems using blockchains. Check this Blockchain video by Intellipaat [videothumb class="col-md-12" id="E_KQ69soVak" alt="Blockchain Tutorial" title="Blockchain Tutorial"] [intytsubsc] Within this financial system, one or Read More
What are the applications of blockchains?: Blockchains are basically decentralized permission-less databases whose primary utility is to remove the need for trusted middlemen. In addition, they lower operational costs, speed up traditional processes and systems, and further offer added benefits of accuracy through logic-driven execution and automatic backup of transaction records. There are several concepts and applications that are ripe Read More
Understanding Hyperledger Blockchain: Hyperledger is an open-standard, decentralized public ledger based on Blockchain technology to advance worldwide business. It is a cross-industry collaborative effort to create Blockchain based open standard for the distributed ledger for globally conducted business transactions. The goals of Hyperledger is to - To make endeavor review bases to help business exchanges. For, giving unbiased, open& community-driven Read More
Ethereum Cheat Sheet
Ethereum Quick Reference Guide: Blockchain started as tickle but in just a few years has become a flood. Banking sectors started to adopt this technology immediately. Even though it is still at the nascent stage, we can certainly see the future of Blockchain and its significance in each organization. Check this Blockchain video by intellipaat [videothumb class="col-md-12" id="E_KQ69soVak" alt="lockchain Tutorial" Read More
Blockchain Cheat Sheet
Blockchain Cheat Sheet: The world of blockchain and cryptocurrencies can seem daunting to anyone on the outside looking in. And with good reason too. There's a lot of technical information around, as well as thousands of cryptocurrency companies, with more created every day. With such an overwhelming amount of information out there, where do you start? Well, with that in Read More
Solidity Cheat Sheet
Solidity User Handbook: Are you a programmer looking for a powerful tool to work on Ethereum Virtual Machines? If yes, then you must take Solidity into consideration. This Solidity cheat sheet is designed for the one who has already started learning about the Ethereum and using Solidity as a tool, then this sheet will be handy reference. Don't worry if Read More