BC BLOCKCHAIN
Saved by @BellOmuboye

A Beginners Guide to Blockchain Technology.

A Thread 🧵🧵👇👇

 The simplest way to explain the Blockchain is this:

A database that is not managed by a single entity thereby making it decentralized.

Unlike the traditional database structure which uses a client-server model, the blockchain uses a peer-to-peer network where each participant
...is seen as a node.

As you might have asked, "How is the Blockchain managed?".

In a decentralized network, they have to be a way of ensuring the smooth running of the blockchain.

This is where the "Consensus Mechanism" comes in.

As the name implies, a consensus mechanism
is simply a means of making an agreement on the blockchain. Or, a way the blockchain is run.

They are different consensus mechanisms but the most popular as follows:

> Proof of Work
> Proof of Stake
> Proof of Authority
> Delegated Proof of Stake
You are probably trying to know the benefit of the Blockchain over the traditional storage system.

Here are a few:

> Decentralization
> Security
> Immutability
> Trustless

> Decentralization

This is definitely the most obvious advantage of the blockchain. Since it doesn't use
... a client-server network rather it uses a peer-to-peer model which gives the power the nodes thought the level of privilege of each node depends on the type of node and the kind of consensus mechanism being used.

> Security

One of the shortfalls of a centralized system is
... a single point of failure which simply means that you only need to get access to a single control center(or an administrator)...and BOOM!!!...You are in...

But, in the blockchain, you need an unrealistic amount to access to be able to compromise the security of a blockchain
Take, for instance in the Proof of Work consensus, you need to have 51% of nodes in your control which is practically impossible for blockchains like the Bitcoin or the Ethereum Blockchain.

>Immutablity

The blockchain is built in a way whereby any block added can't be changed
...or edited.

You can already imagine what this could mean for data. A system where you can ensure the authenticity of any data you get.

> Trustless

With the previous advantages stated, you could say the blockchain provides a database you can trust without having to trust a
...particular entity.

It's worthy to note that seeing the blockchain as a database is for simplicity and the most basic of things the blockchain has to offer.

Types of Blockchain

> Public
> Private
> Consortium

> Public

A public blockchain is a type of blockchain where
...the activities carried out are publicly visible for everyone to see in a place called an explorer. Also, in as much as the data is public, the participants of these transactions are represented by code public addresses thereby keeping their identity secret.
Most of the popular blockchains are public. Like:

> Bitcoin Blockchain(https://t.co/RI2bmUivej)
> Ethereum Blockchain(https://t.co/1ThJbUI7WF)
> Binance Smart Chain(https://t.co/a238W2tOIs)
> Private

This could also be called a permissioned blockchain whereby all activities are performed by know participants.

This is best suited for organizations. They can be seen as somewhat centralized in their manner of operation.
> Consortium

The consortium blockchain sits on the fence between private and public because it's used between multiple organizations.

With these, I think you can get the basic concept.

If you found this helpful do well like, retweet, and follow at @The_python_dev_
For a more in-depth look at Blockchain Technology check out this article on my blog.

https://t.co/qjhdVp8oqO

You May Also Like

Anu Satheesh \U0001f1ee\U0001f1f3
Anu Satheesh 🇮🇳...
@AnuSatheesh5
#Guruvayur_Krishna_Bhakthi  🕉
#Guruvayur
#Storytime
Beautiful Story of Guruvayurappan

Poonathanam Namboothiri was a great devotee of Guruvayurappan. One day Poonthanam was going to Guruvayur Kshetram. It was night time and eventhough Namboothiri was tired he continued to walk


Suddenly some thieves came and blocked his way. Poonthanam cried for Shri Krishna to help. Thieves snatched all valuables from him, but Namboothiri holding his Bhaghavatam book called Shri Krishna to help. That time a man came in a horse back and fought with thieves and protected


Namboothiri. Poonthanam thanked Krishna for helping him from danger and said to the man that "Shri Krishna has send you here and I don't know how to thank you".  The man smiled and told that he is Mangattachan, minister of  samoodhiris. Poonthanam once again thanked him and


gave his ring to Mangattachan as a token of thanks and continued his journey. He reached Guruvayur early morning for Nirmalya Darshan. Temple poojari came near him and told that Guruvayurappan came in his dreams and asked to hand over the ring to poonthanam.


When he opened Kshetra Nada poonthanam was surprised to see his ring on Guruvayurappan, which he gifted to Mangattachan. He understood that it was Guruvayurappan who came as Mangattachan to protect him. This is how Bhagwan treat his devotees.

Hare Krishna
🙏🕉🙏
ALL
Justin Jackson
Justin Jackson
@mijustin
A lot of bootstrappers think they have a marketing problem:

"I need to get better at marketing."

But, it's more likely that you have a product problem:

"Do customers really want this? Do they care enough about this to switch to a new solution?"

☝️ this is why most of my book, @marketingdevs, is about:

1. Choosing the right market
2. Building something they want

"If your product is remarkable, getting noticed is a lot easier." – @peldi


I was reminded of this concept again this morning while reading @pjrvs' book (Company of One):

"Sales increase when you honestly evaluate what someone needs and then teach them the value of what you're selling."


To succeed, your product has to offer an outcome that is highly desirable to a large group of customers.

The number of sales your product receives is a multiple of these two variables:

1. How big is the target market?
2. How desirable is the outcome you're offering them?
STARTUPS
Advertisement
UN Watch
UN Watch
@UNWatch
The UN just voted to condemn Israel 9 times, and the rest of the world 0.

View the resolutions and voting results here:

The resolution titled "The occupied Syrian Golan," which condemns Israel for "repressive measures" against Syrian citizens in the Golan Heights, was adopted by a vote of 151 - 2 - 14.

Israel and the U.S. voted 'No' https://t.co/HoO7oz0dwr


The resolution titled "Israeli practices affecting the human rights of the Palestinian people..." was adopted by a vote of 153 - 6 - 9.

Australia, Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No' https://t.co/1Ntpi7Vqab


The resolution titled "Israeli settlements in the Occupied Palestinian Territory, including East Jerusalem, and the occupied Syrian Golan" was adopted by a vote of 153 – 5 – 10.

Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/REumYgyRuF


The resolution titled "Applicability of the Geneva Convention... to the
Occupied Palestinian Territory..." was adopted by a vote of 154 - 5 - 8.

Canada, Israel, Marshall Islands, Micronesia, and the U.S. voted 'No'
https://t.co/xDAeS9K1kW
SOCIETY
Lumina\u2728
Lumina✨
@Anaphora_Lumina
I present to you all, my (possibly) superthread On how and why the Unknown God from Genshin Impact, and The Herrscher of Void/God Kiana/Sirin from Honkai Impact!

First off! We’ll start with the obvious things that constitute a possible connection.

They share the same Japanese Voice actress! Rie Kugimiya.
Usually this is a stretch reason, but considering everything else, it’s not unlikely that it’s the same character.

Secondly, their Appearances.
The both have very long white hair with identical bang style, and a very noticeable small piece of hair on top that curls upwards. That’s a defining part Of all of Kiana’s hairstyles, and for it to be shared with this god says something.


Another notable thing is their eyes. They both have Glowing golden eyes with very similar appearances. They contain a ring, and a 4-point star pupil. Resemblant of a scope if you will. That’s The Herrscher of Void’s defining characteristic


If you’d even like to take a look at their outfits, there’s resemblances including the black fur collar, the designs on the torso and chest, and the use of something similar to coat tails/skirt. The Herrscher can change their outfit and they aren’t stuck with one. Sirin does this
CULTURE
Aditya Todmal
Aditya Todmal
@AdityaTodmal
Master Thread of all my threads!

Hello!! 👋

• I have curated some of the best tweets from the best traders we know of.

• Making one master thread and will keep posting all my threads under this.

• Go through this for super learning/value totally free of cost! 😃

1. 7 FREE OPTION TRADING COURSES FOR


2. THE ABSOLUTE BEST 15 SCANNERS EXPERTS ARE USING

Got these scanners from the following accounts:

1. @Pathik_Trader
2. @sanjufunda
3. @sanstocktrader
4. @SouravSenguptaI
5. @Rishikesh_ADX


3. 12 TRADING SETUPS which experts are using.

These setups I found from the following 4 accounts:

1. @Pathik_Trader
2. @sourabhsiso19
3. @ITRADE191
4.


4. Curated tweets on HOW TO SELL STRADDLES.

Everything covered in this thread.
1. Management
2. How to initiate
3. When to exit straddles
4. Examples
5. Videos on
OPTION SELLING , OPTIONSTRATEGIES , CATEGORY