Category: Blockchain Tutorial

Blockchain Data Management

As we are aware, Blockchains are distributed structures that follow peer-to-peer networks and inherit the advantages of a peer-to-peer network such as speed, avoidance of single-point failures, etc. The below diagram gives an overview of the Peer-to-Peer networks. Each node is linked to each other and shares resources, meaning...
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Ethereum 2.0

What is Eth2? Eth2 pertains to a series of updates that will improve Ethereum’s scalability, security, and long-term viability. Numerous teams from around the Ethereum network are working on these enhancements. Ethereum 2.0 (ETH2) is a system update that attempts to enhance the safety and manageability of the Ethereum...
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Converting Bitcoins to Fiat Currency

In this section, we are going first to understand the meaning of Fiat or Fiat Currency. Fiat currency is a currency which is issued by a government to be legal tender in the territories controlled by it. Fiat money that has value only because of government regulation or law is not backed...
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Sending and Receiving Bitcoin

Sending and receiving bitcoin is one of the core building blocks of any bitcoin application. Sending and receiving bitcoins securely over the internet gives you a bitcoin value. To send and receive bitcoin, you need to have a wallet where you need to put the public address of the...
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How to Choose Bitcoin Wallet

In this section, we are going to learn the process of choosing the bitcoin wallet. If you want to involve in bitcoin, you need to have a wallet. A wallet allows you to receive bitcoins, send bitcoins, store bitcoins. Here, I will take an example of a page called bitcoin.org to choose the wallet....
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Getting Started With Bitcoin

The objective of this section is to show you a little bit about how you can get started with Bitcoin. The below image shows you how to start with bitcoin. 1. Learn About Bitcoin Bitcoin has some peculiar qualities. It behaves a lot like money, but it is different...
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Who sets the Bitcoin Price

Bitcoin is like a commodity. The price of bitcoin is determined by the market in which it trades. In other words, its price is determined by how much someone is willing to pay for that bitcoin. The market sets the price of bitcoin as same as Gold, Oil, Sugar,...
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Bitcoin Mitigating Attacks

Bitcoin is the most secure cryptocurrency, which provides security at multiple levels of the protocol. It is often rendering sustained sophisticated attacks. In this section, we are going to look at various types of probable attacks in the bitcoin system. The Sybil Attack The Sybil attack happens in the...
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Difference between Blockchain and Database

Blockchain A blockchain is a database or a ledger that stores information in a data structure called blocks. It is based on distributed ledger technology which can be used between parties that don’t trust each other with data. It is because when you add anything onto the blockchain, it...
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Blockchain Merkle Tree

Merkle tree is a fundamental part of blockchain technology. It is a mathematical data structure composed of hashes of different blocks of data, and which serves as a summary of all the transactions in a block. It also allows for efficient and secure verification of content in a large body of...
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