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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


Distributed Ledger



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


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