A blockchain is a constantly growing ledger which keeps a permanent record of all the transactions that have taken place in a secure, chronological, and immutable way. Ledger: It is a file that is constantly growing. Permanent: It means once the transaction goes inside a blockchain, you can put up it permanently in the ledger.
The advancements of Blockchain are still young and have the potential to be revolutionary in the future; so, let’s begin demystifying this technology. Blockchain is a combination of three leading technologies: A means of computing, to store the transactions and records of the network
2. BLOCKCHAIN TECHNOLOGY
1. Blockchain is a platform allow users and
developers to create and share database or
ledger.
2. Most important thing is it is accessible across
several computer network (hundreds &
thousands).
3. 2008
Bitcoin
Bitcoin land up at
$100/BTC.
Bitcoin
Bitcoins landed its
all-time high at
$19,783/BTC.
Satoshi Nakamoto
A PEER-TO-PEER
Digital Cash
Network”.
2013 2017
5. .
Comonents of
Blockchain
• Peer network
• System management
• Events
• Smart contract
• System integration
• Membership services
• Wallets
• Ledge
6. Blocks , Miners &
Nodes
● Every chain is made up of many blocks and each block
has three fundamental components.
● Miners generate new blocks on the chain through the
process called mining.
● One of the important hypo-thesis in blockchain
technology is decentralization. Not any one system or
organization can own and control the chain.
7. TYPES OF BLOCKCHAIN
TECHNOLOGY
Private
A private blockchain can
be best explained as the
blockchain that works in a
particular organization.
Public
A public blockchain is
spread ledger
technology where
anyone can join and do
agreements.
8. OTHER TYPES OF
BLOCKCHAIN
TECHNOLOGY
Federated
Federated blockchain is a
creative manner to fulfill
organization needs where
there is need of both public
and private blockchain.
Hybrid
It the combination od
private and public
blockchain.
3. 4.
12. INFOGRAPHICS MAKE YOUR IDEA
UNDERSTANDABLE...
15%
20%
40%
25%
Finance Health care
Smart
technologies
Vehicle
Networks
13. SOMETIMES, COMPARISONS
ARE GOOD
● It builds up trust among the
whole community members.
● Private blockchains are
more connective.
● Rules can be edit according
to their needs.
● There is lack of speed in
public blockchain.
● Using hybrid blockchain is
confusing.
● Federated is less incognito
than other blockchain.
Advantages Disadvantages