Blockchain 1
Cryptographic mathematical code
What is a Hash?
Autonomous software that can make financial decisions
What is smart contract?
fingerprint of data, Cryptographic, mathematical algorithm
What is a Hash?
company developing its own distributed digital ledger that third parties can use to post and verify transactions,
What is Google
more secure and immutable than private or permission
What is a public blockchain
computers in a blockchain network
What are Nodes?
C++, Java Script, Python, Solidity, Merkel Tree, Elliptic curve, Java, Go, Truffle
What are the Software languages used to write code for Blockchain applications
Confidential information is available to trusted members
What is Private blockchains
the first country to go completely digital with blockchain technology
What is Estonia?
is time saving, cost saving, tighter security, enhanced privacy, transparent, immutable
What is the benefit of Blockchain Technology
Nodes performing work, verifies and adds transactions to the blockchain
What is Mining
takes many hashes and squeeze them down into one hash
What is the Merkle Tree
Control the role of individuals who can play participate within the Blockchain network
What is Permission blockchain
The University with the first graduate degree in Tokens, Cryptocurrencies, and Blockchain
What is the UNIVERSITY OF NICOSIA UNIC in Crypus
consensus; provenance; immutable; shared ledger
what are the components of a blockchain network
Specific data, hash of the block, and hash from previous block
What does a block contain on the blockchain?
humans are not involved in the center or outer edges of the organization.
What is Disturbed Autonomous Organizations (DAPP)
Self-policing; Self-correcting; Storing data
What is blockchain
The one major software used in developing blockchain applications
What is Solidity
each participant has a unique identity; is more effective at controlling the consistency of data; some participants may be authorized to view only certain transactions, while other such as auditors may be given access to broader range of transactions
What is permission blockchain?
Cryptography;Immutability; Provenance;Decentralization; Anonymity; Transparency
What are the key characteristics of blockchain Architecture?
The country noted for having a “crypto valley” for blockchain startups
What is Switzerland
Computers reporting entries into the blockchain ledger
What are Nodes
provide a link between the outside world (real world information) and the smart contract in blockchain so it can execute.
What are Oracles
provides proof of stake which increases protection from malicious attack; must have a majority of participants to agree that a transaction is valid; has an algorithm designed to settle disputes among computing nodes
What is consensus?