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La Blockchain est l’une des technologies émergentes les plus prometteuses – mais aussi l’une des plus incomprises. Elle offre un registre décentralisé de toutes les transactions effectuées au sein d’un réseau : lorsqu’une transaction est effectuée, tout le monde dans le réseau en est informé.
Ce système est quasiment inviolable s'il réunit un nombre important d'acteurs s'accordant sur les règles de consensus. De plus, le temps de règlement des transactions peut être considérablement diminué. Cela représente une révolution pour l’industrie financière, qui utilise aujourd’hui d’autres moyens pour garder une traçabilité des transferts d’actifs et plus encore.
Computer systems are connected to each other via the Internet without the need of a central server
A distributed ledger of transactions among a network used in finance and smart contracts.
The benefits offered by a private blockchain are that there are faster transaction verification and network communication
Decentralized ledger that controls the transfer of digital currencies or assets between parties under certain conditions.
Because of the technology's security and immutability. Smart contract data is encrypted on a shared ledger, making it impossible to lose the information stored in the blocks
Easy To manage
Smart contracts are performed automatically by the network, eliminating the need and associated risk of a third party being involved in smart contract deployment.
The Blockchain technology has the potential to eliminate intermediaries, central third parties and expensive reconciliation processes for banks and other financial institutions, hospitals, companies, and governments among others
A blockchain is a decentralized database in which records are stored. It is public (transactions stored are seen by all), immutable (the records stored cannot be changed), secure and private (the identity of users are protected), fast and sure and so can be trusted for use by large and small companies. With the aim of creating a technology to store records, the use of blockchain came up with the invention of the first ever known cryptocurrency.
Yes, we have three types of Blockchain. Private, Public and Consortium. The private Blockchain is the decentralized blockchain under the charge of a company i.e it is controlled by a certain set of individuals. You need some level of authorization to access the records in a private blockchain. A public blockchain is the decentralized database that has no restrictions. Anyone can validate or make transactions
The blockchain can be used to store a variety of records. There is no restriction to how the blockchain can be used in the storing of records. Blockchain can used to store health records, business transactions, management records, financial records and so many others
A Smart Contract is code that is deployed to the blockchain. Each smart contract contains code that can have a predefined set of inputs. Smart contracts can also store data. Following the distributed model of the blockchain, smart contracts run on every node in the blockchain, and each contract’s data is stored in every node. This data can be queried at any time. Smart Contracts can also call other smart contracts, enforce permissions, run workflow logic and perform calculations, etc. Smart contract code is executed within a blockchain transaction – so the data stored as a result of running the smart contract (i.e. the state) is part of the blockchain’s immutable ledge
Mining is used as a proof of work for participants in the blockchain. Whenever a block of transactions is to be agreed, every participating node attempts to ‘mine’ the block (a mathematical algorithmic process that requires extensive CPU capacity). In public blockchains, successful mining is rewarded with a cryptocurrency token
1- It is secure
2- It is immutable
3- Saves time and cost
4- Protects the users’ identity
5- Reduced transaction fees and time
6- Suitable for storage
8- No need for intermediaries
9- Everyone has access to data available on the blockchain
10- It is useful for a whole wide range of limitless applications in several industries
ICO stands for "initial coin offering," and refers to the creation and sale of digital tokens.
In an ICO, a project creates a certain amount of a digital token and sells it to the public, usually in exchange for other cryptocurrencies such as bitcoin or ether
Block explorer is an online tool to view all transactions, past and current, on the blockchain. They provide useful information such as network hash rate and transaction growth.
The number of blocks connected on the blockchain.
A form of incentive for the miner who successfully calculated the hash in a block during mining. Verification of transactions on the blockchain generates new coins in the process, and the miner is rewarded a portion of those.
A ledger maintained by a central agency.
The successful act of hashing a transaction and adding it to the blockchain.
Consensus is achieved when all participants of the network agree on the validity of the transactions, ensuring that the ledgers are exact copies of each other.
Also known as tokens, cryptocurrencies are representations of digital assets.