Blockchain Database Technology & Public Blockchain Companies

Blockchain Database Technology & Public Blockchain Companies

First of all, What is Blockchain, Blockchain Database Technology, and Public Blockchain Companies? A Blockchain is a rapidly growing list and database of records, which are called blocks. In Blockchain Database Technology blocks are linked with one another by using cryptography. Each of the Blockchain Database blocks contains a cryptographic hash of the block previous to its. A timestamp as well as transaction data. By design Blockchain Database Technology resistance to modification of the data is powerful. The blockchain is a system in which transactions are made in bitcoin or any other cryptocurrency. This system is maintained across interlinked computers. While these linked computers are connected in a peer-to-peer network. The blockchain is rapidly growing around the world because of its huge demand. Besides that crypto-trading, cryptocurrencies are accepted by several companies as a payment gateway. So that we should know about it.

Model of Database Blockchain Database Technology & Public Blockchain Companies

Blockchain Database Technology & Public Blockchain Companies

  • Client-Server Model
  • Decentralization
  • Transparency
  • Immutability

 

 

 

 

Database VS Blockchain Database

every blockchain is a database, but every database is not a blockchain.

There is a huge confusion in people regarding database and blockchain database. Here we are going to clarify each and everything in a detailed way. A blockchain is a database. Because blockchain is a digital ledger. It stores information in a very well maintained data structures, called blocks. A simple database stores information in data structures, called tables. However, a blockchain is actually a database, but a database is not said to be a blockchain. However, both stores information but in a different design. Structure of both databases are different as well as the purpose is also different. Hence a database cannot be compared with Blockchain Database Technology because of the structure along with purpose. Traditional Database 

A traditional database is used for store information in a mannered way in the form of tables. This data is used by companies to support business and to manage the next strategies &decisions. The government also make databases to store large data up to millions of records.

Blockchain Database Technology difference with Traditional Database

Public Blockchain companies stores information in uniformly sized blocks. Each database block contains the hashed information. This information is linked with the previous block. it provides cryptographic security. The hashing uses security technique SHA256. That is a one-way hash function. This hashed information is the digital signature from the previously linked block. The information is run through a hash function that points towards the address of the next block. A blockchain database technology structure is an example of a Merkle Tree. It is considered as an efficient way to verify data.

Blockchain Topology is a P2P (Peer-to-Peer) technology. Blockchain Database Technology & Public Blockchain Companies Database is

  • Centralized
  • Permissioned
  • Requires Administrator

While the specific Blockchain Database Technology traits are

  • Decentralized
  • Permissionless
  • No Administrator

Most Reputed Public Blockchain Companies in the World

Here are the most authentic Public Blockchain Companies as well as databases operated in the world. Such as:

  1. EngineerBabu
  2. Leeway Hertz
  3. Tree House Technology Group
  4. OpenGeeksLabs
  5. Altoros
  6. Appinventiv
  7. ABES Lab
  8. ArcTouch
  9. Chain
  10. ChromaWay
Recommended Readings

Blockchain Conferences 2019 There are the best public blockchain companies working on blockchain development as well as cryptocurrency Blockchain Database Technology. Hence, Share with other cryptography lovers as well as leave your thoughts in comment sections. Give suggestions for betterment as well, as the reader’s response & suggestions are valuable for us. Last but not least, Don’t forget to subscribe to the notification!    

 
 
 

Muhammad Hamza Khan

I am an Enthusiastic Software Engineer. Learning and working on different Computer Science as well as Data Science domains. Takes interest in Tech Research to extract valuable and knowledgeable information for the visitors of Tipstechnology.com.pk

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