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What is Blockchain?
This term is coined by BitCoin as cryptocurrencies.But as time elapsed its use case
changes from crypto currencies to a autonomous, transparent and immutable
ledger.
when we run blockchain client ,we have to first checkout blockchain history .when
we chekin & commit then each commit will treat as a block in blockchain(i.e
because we have modified state and is immutable).similar to GIT or TFS
1)version of history
AS we discussed earlier that each block in the block chain contains some
information like :-
2)Transactions
3)unstructured data
4)Signature (i.e public keys, which is not treated as identity. So all transactions are
pseudo-anonymous)
5)Application Block(dApps)
These dApps are decentralized and use smart contracts which contain self-
executing code and stores on the blockchain. Ethereum is used to support dApps
(i.e Decentralize app).
Why Blockchain ?
Use Case:-
3) Smart contracts
4) Financial transactions
5) Certificate
6) Proof of authenticity
8) Voting