Articles → Blockchain → Introduction To Blockchain

Introduction To Blockchain






Basics Of Blockchain




  1. Centralized system.
  2. Decentralized system.
  3. Ledger.
  4. Distributed ledger.
  5. Trustless

Centralized System




Picture showing the centralized system
Click to Enlarge


Decentralized System




Picture showing the decentralized system
Click to Enlarge


Ledger





Distributed Ledger







Trustless









Blockchain





Benefits Of Blockchain




  1. Blockchain provides full transparency in transaction.
  2. Blockchain is more secured and it is not possible to tamper data.
  3. Transactions are easy to track.
  4. Blockchain maintains data integrity by providing tampered-free transactions.

What Is A Block?





Different Components Of Block




  1. Hash of previous block.
  2. Timestamp of the block.

Genesis Block





Posted By  -  Karan Gupta
 
Posted On  -  Tuesday, May 5, 2020

Query/Feedback


Your Email Id  
 
Subject 
 
Query/FeedbackCharacters remaining 250