About This Course
A blockchain is capable of collecting information in the form of blocks. Blockchain is similar to a distributed database that gets shared among computer networks. As a database, a blockchain stores data in a digital form. Blockchains are known for a known position in cryptocurrency chains. Digital currency includes bitcoins. The job of a blockchain is to maintain a secure transactional record for cryptocurrency. The awe-striking benefit of the invention of blockchain is guaranteed fidelity and safe record keeping. By the arrival of blockchain, one does not need a trusted third party to generate trust.
The difference between a database and a blockchain:
The key difference between a blockchain and the typical database lies in its structure. A blockchain collects data in the form of blocks that can hold information. Blockchain blocks’ have a fixed storage capacity. When the storage ends, the block closes and links itself to the previous blocks. The blocks form a chain of information known as a blockchain. Data keeps gathering in the box. The box gets added to the chain once it gets filled.
Unlike blockchain, a typical database arranges and structures data in the shape of tables. The timeline of data gets formed automatically, once it gets implemented in a decentralized way. Once a block gets filled, it becomes a component of the timeline. Each block of the blockchain is given a time stamp as it gets added to the chain of the blocks.