Smart Crypto Solution

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Introduction to Blockchain Technology

• Imagine a world without computer databases. There
  would be no e-commerce, no ATMs, no Internet
  banking, no Facebook, no Gmail, no WhatsApp!
  Almost everything that makes the web so powerful
  and useful depends upon computer databases.
• The digital world relies very heavily on computer
  databases, even if most users are unaware of it.
  Now imagine a database that's probably
  immutable/unchangeable and almost impossible to
  hack. Thats a blockchain is an ordered and
  time-stamped sequence of blocks of information.
• A Blockchain technology was devised by the
  unknown inventor of the bitcoin crypto-currency
  in 2008. Simply put, the bitcoin crypto-currency
  runs on the bitcoin
• blockchain a public blockchain where anyone can
  become a miner and details of each single
  bitcoin transaction are stored on each node.
• Blockchain is an innovative mixture of
  decades-old, tried and tested technologies
  including Public key cryptography (1970s),
  Proof-of-Work (1990s) and Cryptographic hash
  functions (1970s).
• Over a previous couple of years, many derivative
  projects (e.g. ethereum, multichain) and
  blockchain-inspired distributed ledger systems
  (e.g. BigchainDB, Corda, Hyperledger Burrow /
  Fabric / Sawtooth, Quorum) are created.
• Blockchains are provably immutable and enable the
  rapid transfer and exchange of crypto-tokens
  without the requirement for separate settlement,
  clearing reconciliation.
• Blockchain solutions may be permissioned (e.g. a
  Government-run land registry) or permission-less
  (e.g. Bitcoin, where anyone can become a miner).
  Blockchain solutions may be private (e.g. a
  contract management system implemented in an
  exceedingly pharmaceutical company), public
  (e.g. an asset-backed cryptocurrency) or hybrid
  (e.g. a bunch of banks running a shared KYC
  platform).
• Blockchains can handle data authentication
  verification all right. This includes immutable
  storage (data stored on a blockchain can't be
  changed or deleted), digital signatures and
  encryption. Data in almost any format is often
  stored within the blockchain.
• Blockchains can create public-private key pairs
  and even be used for generating and verifying
  digital signatures.

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• Blockchains can handle smart asset management all
  right. This includes issuance, payment,
  exchange, escrow, and retirement of smart assets.
  A smart/crypto asset is that the tokenized
  version of a real-world asset e.g. gold, silver,
  oil and land.
• Blockchains don't have one point of control or a
  single point of failure.
• For organizations, blockchain technology can
  minimize fraud accelerate information and money
  flow greatly improve audibility and streamline
  processes.
• The original blockchain used proof of work as a
  consensus mechanism. But today multiple
  distributed ledger systems provide several
  consensus mechanisms such as Proof of stake,
  Deposit based consensus, Byzantine
  fault-tolerant, Proof of time, Federated
  Byzantine Agreement, Derived PBFT, Simplified
  Byzantine Fault Tolerance, Redundant Byzantine
  Fault Tolerance, Federated consensus, Round-Robin
  and Delegated Proof of Stake.
• One method of providing privacy on a blockchain
  is the separation of concerns, during which data
  is distributed only to the relevant parties of a
  transaction. Optionally, the hash of the info is
  broadcast to all or any of the nodes. This method
  is employed in Corda, Quorum, and Hyperledger
  Fabric.
• Another method of providing privacy on a
  blockchain involves the broadcasting of
  encrypted data across the entire network.
• All of the above factors can be executed
  appropriately with the help of the best
  cryptocurrency
• software development company in India and USA.