Blockchain

Blockchain Double Spending Guide: How Bitcoin Solved the Riddle of the Unique Digital Money

The Problem of Double Spending: How did Bitcoin Solve it? The idea of digital money has been around for a long period of time now, and it did not originate 10 years ago when Bitcoin first emerged. However, all previous attempts to come up with a product that we now know as cryptocurrencies have failed …

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Introduction to Blockchain technology | Set 1

Blockchain is the backbone Technology of Digital CryptoCurrency BitCoin. The blockchain is a distributed database of records of all transactions or digital event that have been executed and shared among participating parties. Each transaction verified by the majority of participants of the system. It contains every single record of each transaction. BitCoin is the most …

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A Complete Beginner’s Guide To Blockchain

You may have heard the term ‘blockchain’ and dismissed it as a fad, a buzzword, or even technical jargon. But I believe blockchain is a technological advance that will have wide-reaching implications that will not just transform the financial services but many other businesses and industries. A blockchain is a distributed database, meaning that the …

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Blockchain Tutorial – Learn Blockchain and become Blockchain Developer

Blockchain Use Cases Potential use cases of the blockchain: Proof of Existence : Demonstrating data ownership without revealing actual data Document timestamping Checking for document integrity Check out this What is Ethereum video by Intellipaat: [videothumb class=”col-md-12″ id=”FxgC_Jet6zQ” alt=”Ethereum Tutorial – Ethereum Explained” title=”Ethereum Tutorial – Ethereum Explained”] Record Keeping : Data inserted and hashed …

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Blockchain Tutorial | Beginner’s Guide to Blockchain Technology

The growth of Bitcoin and Blockchain technology has been so rapid, that even those who haven’t heard of cryptocurrency or know about its working, are looking to invest and explore this field. This Blockchain tutorial blog will essentially provide you with all the fundamental knowledge you need regarding Bitcoin and Blockchain in the following sequence: …

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Double-Spending

Double-spending is the risk that a digital currency can be spent twice. It is a potential problem unique to digital currencies because digital information can be reproduced relatively easily by savvy individuals who understand the blockchain network and the computing power necessary to manipulate it. Physical currencies do not have this issue because they cannot …

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Irreversible Transactions – Bitcoin Wiki

When used correctly, Bitcoin’s base layer transactions on the blockchain are irreversible and final. It’s no exaggeration to say that the entirety of bitcoin’s system of blockchain, mining, proof of work, difficulty etc, exist to produce this history of transactions that is computationally impractical to modify. In the literature on electronic cash, this property was …

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