logo
logo
Sign in
Sidharth Jain
Sidharth Jain, Founder of GraffersID.Com | Website and Mobile App Development | Providing Remote Developers | Trusted by startups in YC | Google | Coca-Cola.
Followers 0 Following 0
Sidharth Jain 2021-01-28
img

Blockchain is a popular technology buzzword.

As per the Deloitte Global Blockchain study, around 50% of global organizations consider blockchain as a strategic priority.

Although blockchain has gained appreciable acceptance, its underlying concept is still a thing of bewilderment for many people.A lot of people around the world consider Blockchain an improvised version of the database.

A hash is an encryption code assigned to each transaction and is responsible for lending a unique identity to each block.•  Blockchain consists of several decentralized nodes.•  Each node is capable of entering new data into the database.•  For addition to blockchain, the majority of nodes must reach consensus.•  This consensus mechanism adds to the security of the network, thereby, making it tamper-proof.Management of Traditional & Blockchain Database Managing Traditional Database Traditional databases support four operations i.e.

As such, databases require backup storage with effective server management.Managing Blockchain In Blockchain technology data is immutable.

And it won’t be wrong to say that blockchain as a database is appreciably reliable.Even if few nodes are non-operational, the rest of the nodes will work smoothly 24*7 without interruption.Furthermore, with the non-involvement of any authoritarian permission for the transaction, Blockchain serves to be one of the most convenient databases.Highlighting Features of Traditional Database They are highly customizable:A key property of a traditional database that distinguishes it from blockchain is central administration.

collect
0
Sidharth Jain 2021-01-28
img

Blockchain is a popular technology buzzword.

As per the Deloitte Global Blockchain study, around 50% of global organizations consider blockchain as a strategic priority.

Although blockchain has gained appreciable acceptance, its underlying concept is still a thing of bewilderment for many people.A lot of people around the world consider Blockchain an improvised version of the database.

A hash is an encryption code assigned to each transaction and is responsible for lending a unique identity to each block.•  Blockchain consists of several decentralized nodes.•  Each node is capable of entering new data into the database.•  For addition to blockchain, the majority of nodes must reach consensus.•  This consensus mechanism adds to the security of the network, thereby, making it tamper-proof.Management of Traditional & Blockchain Database Managing Traditional Database Traditional databases support four operations i.e.

As such, databases require backup storage with effective server management.Managing Blockchain In Blockchain technology data is immutable.

And it won’t be wrong to say that blockchain as a database is appreciably reliable.Even if few nodes are non-operational, the rest of the nodes will work smoothly 24*7 without interruption.Furthermore, with the non-involvement of any authoritarian permission for the transaction, Blockchain serves to be one of the most convenient databases.Highlighting Features of Traditional Database They are highly customizable:A key property of a traditional database that distinguishes it from blockchain is central administration.