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
A Beginners Guide to Blockchain Technology.
A Thread 🧵🧵👇👇
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
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
They are different consensus mechanisms but the most popular as follows:
> Proof of Work
> Proof of Stake
> Proof of Authority
> Delegated Proof of Stake
Here are a few:
> Decentralization
> Security
> Immutability
> Trustless
> Decentralization
This is definitely the most obvious advantage of the blockchain. Since it doesn't use
> Security
One of the shortfalls of a centralized system is
But, in the blockchain, you need an unrealistic amount to access to be able to compromise the security of a blockchain
>Immutablity
The blockchain is built in a way whereby any block added can't be changed
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
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
> Bitcoin Blockchain(https://t.co/RI2bmUivej)
> Ethereum Blockchain(https://t.co/1ThJbUI7WF)
> Binance Smart Chain(https://t.co/a238W2tOIs)
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.
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.
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After graduating from Rockhurst High School, he attended Stanford University where he wrote for the Stanford Review--a libertarian publication founded by Peter Thiel..
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(Full Link: https://t.co/zixs1HazLk)
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His arrogance and ambition prohibit any allegiance to morality or character.
Thus far, his plan to seize the presidency has fallen into place.
An explanation in photographs.
🧵
Joshua grew up in the next town over from mine, in Lexington, Missouri. A a teenager he wrote a column for the local paper, where he perfected his political condescension.
2/
By the time he reached high-school, however, he attended an elite private high-school 60 miles away in Kansas City.
This is a piece of his history he works to erase as he builds up his counterfeit image as a rural farm boy from a small town who grew up farming.
3/
After graduating from Rockhurst High School, he attended Stanford University where he wrote for the Stanford Review--a libertarian publication founded by Peter Thiel..
4/
(Full Link: https://t.co/zixs1HazLk)
Hawley's writing during his early 20s reveals that he wished for the curriculum at Stanford and other "liberal institutions" to change and to incorporate more conservative moral values.
This led him to create the "Freedom Forum."
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