Homework task on Blockchain Tutorials @daprado1999

I would be joining the assignment class. I jist joined this community few hours ago I would be eager to show my zeal in the community by joining this beautiful class and performing the exam questions on the class. Thanks to @engrsayful for this great medium.

• Explain Security Features of Blockchain

A Blockchain is an organised set up of algorithms, a network which accumulates and stores data in form of Block. However, data collected and stored is limited. Blockchain has high fidelity immunity which prevents interference with data in the crypto space. Blockchain is a global network that enables fast trade amongst its members with little or no interference in the crypto space. It is important to note that when a block is saturated in data storage it links up to the next block, thereby completing its chain. The encryption of blockchain helps contain cyber crime reducing it to its barest minimum.
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• What do you mean by mining in blockchain

Blockchain mining means an automatic systemic process where transactions are randomly alternated to existing records and secured by verification of users for security purposes. Blockchain mining must be verified by each user and most importantly protect users in question while excluding others from the space. Mining goes a long way beyond bitcoin. Other futuristic projects can be mined too on the blockchain
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• What do you mean by DPoS system of mining? Differentiate Proof of Stake from Proof of Work?

DPoS is a delegated Proof of Stake which involves calculations of contracts in different ways by selected delegates. It is highly dependent on casting a ballot primarily diggers on the DPoS system are picked intricately. It works on a system of votes the higher the votes the higher your chance of getting to the top. Diggers with top votes walk their way up to the top of the mining table. The worth placed on a vote is dependent on the client stake.To really understand the fundamentals of Proof of Work and Proof of Stake here are striking differences thus;

• Differences between Proof of Stake and Proof of Work

Proof of Work:

It is a system of different blockchain through a network. Basically used to verify transactions and create new blogs for different chain primarily striking the difference, it confirms trade actions through a consensual agreement on calculations which requires diggers perform activities by using their assets to rival each other while tackling cryptographic conditions to approve each blockchain block.
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Proof of Stake:

This is a proof process used to verify cryptocurrency through transaction process of bet on projects or coins of those who own them. It involves stake assets partly or fully to affirm exchanges. It gives leverage to clients to consents to block when they stake thereby affirming exchanges on the blockchain. It involves staking partly or entirely all assets primarily to approve an exchange.

• Why are boundaryless trading important

Boundaryless trade is a scenario where many individuals from various gender and race trade without interference in government policies. It is a process which isolates merchants and ascends association away from its providers and clients, thereby creating a great environment where brokers can collaborate with the crypto market. It helps traders with various time zones connect and perform trades too.
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• Differentiate Cryptocurrency from Blockchain

Cryptocurrency are monetary forms of exchange that implores the blockchain as its route of coverage and provides records and storing information. Blockchain stores, accumulates and provides records used in the world of cryptocurrency.