The blockchain technology was described in 1991 by the research scientist Stuart Haber and W. Scott Stornetta . They wanted to introduce a computationally practical solution for time-stamping digital documents so that they could not be backdated or tampered.
Read moreWhen was Blockchain technology first invented?
Blockchain was first introduced in 2008 as the distributed ledger behind bitcoin transactions. The technology has since taken on a life of its own, with interest coming from many quarters.9 Ağu 2021
Read moreWhat is meant by blockchain database?
Blockchains are used as a digital ledger to store transactional information . The data is stored as signed blocks, which link to each other, creating a chain of immutable interconnected data entries.
Read moreDoes blockchain use a database?
A blockchain uses a peer-to-peer or P2P network architecture. It does not require access to a centralized database , instead all participating nodes in the network can connect with each other.4 Ağu 2018
Read moreWhere is the Bitcoin database?
Blockchain is decentralized and hence there is no central place for it to be stored. That’s why it is stored in computers or systems all across the network . These systems or computers are known as nodes. Each of the nodes has one copy of the blockchain or in other words, the transactions that are done on the network.
Read moreHow is Bitcoin data stored?
Unlike bank transactions, Bitcoin transactions are digitally signed and irreversible, and are stored in a peer-to-peer network of nodes (running Bitcoin Core) using the Bitcoin protocol (Antonopoulos, 2017).
Read moreWhat database is used in blockchain?
List of Blockchain-based databases Sr.No.Blockchain-based DatabaseType of Traditional Database1BigchainDBDocument-oriented database2CassandraKey-value database3ChainifyDBRelational database4CovenantSQLRelational databaseBlockchain-based database – Wikipedia en.wikipedia.org › wiki › Blockchain-based_database
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