Home Work Task of Tron Fan Club Tutorial || About Blockchain || Contest entry by @aniksikder (10% for @tron-fan-club)
HOMEWORK COURSE (About Blockchain)
PROFESSOR: @engrsayful
INTRODUCTION
Hello friends, how are you all Hope all is well by the grace of the great creator. I am also fine with your prayers. I hope everyone will be careful. I have read posts from our Processor @engrsayful . Recently he announced another homework task on Tron Fan Club Tutorials. Today I will present the answers to the housework in front of you.
1. Explain the security feature of Blockchain.
A blockchain is a network through which various data is collected and stored. This is the basic premise for Crypto to be the place to trust to transact in a variety of ways. Most of the time blockchains create different types of data and each block has groups for transactions. So every new blog is a cryptographic chain that is almost impossible to interfere with. Here every transaction is checked and sorted in different ways to see if it is correct and true. Blockchain is a distributed network that enables sales centers among members. So last but not least, if the number of users is not billions, it is impossible to interfere with the blockchain in any way.
2. What do you mean by mining in Blockchain?
Blockchain mining is a process by which various transactions are secured and created by perpetual verification. Most crypto users here understand that mining is usually only used with Bitcoin and there are other blockchain networks that deal with mining. In order to keep it secure in many ways, it needs to be verified by the members associated with many servers where other transactions are shown in different ways. It is by no means possible to turn mining into a gas-related fashion by assembling different exchanges, and the blockchain's name must be preserved without excluding outsider.
3. What do you mean by DPoS system of mining? Differentiate Proof of Stake and Proof of Work?
Dpos is a delegated group of stocks where POS refers to those who are much more efficient and those who calculate contracts in different ways to become representatives. This blockchain mining system uses a variety of voting systems where some delegates will secure the network in their favor in a variety of ways. So here the delegates can also be called witnesses because there is a responsibility to reach consensus at different times of creating and verifying new blogs. If a digger is on the list in the first place then he wants to get more votes so this means we understand that the more votes you have the more likely you are to be elected at the top. That's why we, the diggers in various ways with the top vote, must have the chance to succeed.
Differences Between Proof of Stake and Proof of Work.
Here, the proof of work (POW) and the proof of state (POS) is usually the consensus of blockchain which builds transparency and security through various sales centralizations. The experimental method that cryptographic solutions here enumerate all the required group of stake contracts required by the miners to ensure that the various parts of the resource are excavated.
Proof of Work (Pow)
Proof of Work is a system of different blockchains through a network. It is basically an algorithm that is used in different ways to verify transactions here and create new blogs for different chains. Here different people complete transactions through the network and compete with each other. Proof of work The strategy is that different workers try to solve the puzzle and create its function for an upcoming block through which the transaction is contained. So if the puzzle is found well then they reward the token cryptocurrency differently depending on the blockchain of the workers.
Proof of Stake (Pos)
Proof of Stake is the second type of consensus process they use to verify cryptocurrency through various transactions. To put it simply, cryptocurrency can bet on the coins of those who own it, and through it many transactions give the right to review new blogs. Skating is a process that is prioritized here for the various verifications of a person's transactions. So it is easy to say that your coins will be locked only when you consider them as bad, but if you want to trade them then you have the option to do them in different ways.
4. Why boundaryless trading is important?
Boundaryless trade is a situation where many individuals in the world can trade corpses where all and race gender different government policies. We are fully aware so most of the associations have orders yet there is no boundaryless limited order. So the crucial moment is to isolate the merchants and send a SIM association away from the clients of its provider. So it creates a very beautiful environment where brokers can collaborate with the crypto market in a variety of ways without any hassle. Here's why there's so much inspiration because traders in the crypto market have different working periods so they can exchange their most helpful time. Here brokers can finally find a very important balance between their different methods and their requirements.
5. Differentiate Cryptocurrency and Blockchain?
We all know that cryptocurrency is a digital resource that is created using computer networking software and provides ownership through various secure trades. As we all now use the cryptocurrency data of loss-making records to keep a lot of conscious and advanced financial form, but the blockchain again saves and accesses in different ways. Blockchain technology is a great system for recording information in a way that makes it absolutely impossible and difficult to change the system, hacking and cheating.
Conclusion
Today I finished my homework for the first time. I don't know how much I have been able to present in front of you. But I have tried to present it well. I hope you like it. Wishing you all good health, I will finish here today and I will see you again in the future.
Thanks Everyone
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