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INTRODUCTION TO BLOCKCHAIN - Coggle Diagram
INTRODUCTION TO BLOCKCHAIN
Defination
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It is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. :no_entry:
Framwork of blockchain
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Transaction :no_entry:
Consensus :no_entry:
Distribution :no_entry:
Proof Of Work (POW) :no_entry:
Ledger :no_entry:
Rewards :no_entry:
Block :no_entry:
Origin Of Blockchain
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In 2008, a white paper was published by Satoshi Nakamoto :no_entry:
Applications of Blockchain
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Business & Industries
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Energy sector :black_flag:
Supply chain :black_flag:
Education
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Reputation :black_flag:
Certification Management :black_flag:
Internet of Things
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Distributed Device Management :black_flag:
IoT E-Busnesses :black_flag:
Financial
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Prediction marketplace :black_flag:
Cryptocurrencies :black_flag:
Privacy & Security
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Anonamization :black_flag:
Secure storage :black_flag:
Cryptocurrency
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Bitcoin :no_entry:
Altcoin :no_entry:
Tokens :no_entry:
Cryptocurrency wallets
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Cold wallets :no_entry:
Hot wallet :no_entry:
Types of Blockchain
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Public Blockchain
(Permissionless) :no_entry:
Advantages
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Transparency :star:
Trust :star:
Independence :star:
Disadvantages
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Scalibility :star:
Security :star:
Performance :star:
Use Case
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cryptocurrencies :star:
Document validation :star:
Private Blockchain (Permissioned)
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Disadvantages
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Auditibility :star:
Trust :star:
Use Case
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asset ownership :star:
Supply chain :star:
Advantages
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Performance :star:
Access control :star: