What is Cryptography? Cryptography is the method of developing techniques to secure data in communication between peers through the code. This technique can increase the data integrity of the blockchain network. The prefix “crypt-” means “hidden” or “vault” — and the suffix “-graphy” stands for “writing.” Here are important terms to know: Encryption– It is the …
In my previous post, I explained how the P2P network makes blockchain to be the most efficient technology. In 1979 Ralph Merkle created and patented one of the most relevant and optimized data-structure modifications combining a hash-list and a binary tree. Merkle trees are the basic fundamental of blockchain structure, It is used to make …
Peer to Peer network consists of a group of devices(computers) connected to the different nodes on the top of internet, previously this network was used in file-sharing systems, and now this network used to develop blockchain applications and cryptocurrency. In this network each node can act as an individual node and the P2P network devices …
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The blockchains are mainly classified into four different types – Public Blockchain, Private Blockchain, Consortium Blockchain, and Hybrid Blockchain. What is Public Blockchain? Bitcoin and Ethereum blockchains are the most common public blockchain network, Bitcoin was the first-ever public open-source blockchain network proposed by Satoshi Nakamoto in his white paper published on 2008, It …
Blockchain is one of the world’s top technology trends in 2020. I’m going to describe blockchain from the scratch in my series of articles. Introduction to Blockchain Technology? Blockchain can be described as a chain of blocks that store data or information with temper proof technology using cryptographic hash algorithm. Each block has a cryptography …