▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
Hello Friends
Blockchain seems complicated, and it definitely can be, but its core concept is really quite simple. A blockchain is a type of database. To be able to understand blockchain, it helps to first understand what a database actually is.
A database is a collection of information that is stored electronically on a computer system. Information, or data, in databases is typically structured in table format to allow for easier searching and filtering for specific information. What is the difference between someone using a spreadsheet to store information rather than a database?
Spreadsheets are designed for one person, or a small group of people, to store and access limited amounts of information. In contrast, a database is designed to house significantly larger amounts of information that can be accessed, filtered, and manipulated quickly and easily by any number of users at once.
Large databases achieve this by housing data on servers that are made of powerful computers. These servers can sometimes be built using hundreds or thousands of computers in order to have the computational power and storage capacity necessary for many users to access the database simultaneously. While a spreadsheet or database may be accessible to any number of people, it is often owned by a business and managed by an appointed individual that has complete control over how it works and the data within it.
So how does a blockchain differ from a database?
Storage Structure
One key difference between a typical database and a blockchain is the way the data is structured. A blockchain collects information together in groups, also known as blocks, that hold sets of information. Blocks have certain storage capacities and, when filled, are chained onto the previously filled block, forming a chain of data known as the “blockchain.” All new information that follows that freshly added block is compiled into a newly formed block that will then also be added to the chain once filled.
A database structures its data into tables whereas a blockchain, like its name implies, structures its data into chunks (blocks) that are chained together. This makes it so that all blockchains are databases but not all databases are blockchains. This system also inherently makes an irreversible timeline of data when implemented in a decentralized nature. When a block is filled it is set in stone and becomes a part of this timeline. Each block in the chain is given an exact timestamp when it is added to the chain.
thanks for watching my videos
Social Media link
TG Telegramchannel link
InstaGm
Follow on Twitter
facebook
reddit
Crypto Exchanger Link to download in your Mobile
BitBNS app for beginner
BINANCE
reference id ZER6WKQG
WazirX
KuCoin
Huobi
Zebpay Download the app:
referral code REFAJAY1109
TIME STAMP
0:00 intro
0:26 need to build blockchain
1:51 how does it work
6:03 future of blockchain
for support
email
everythinghindiassist@gmail.com
if you want to support Channel
Bitcoin 1PjjVWS5HPxzhuaM112iRktidJm84NWwyx
Ethereum 0x6c08dcadffb2747cdda761dbfcf3f80ba6d1695d
Disclaimer: Cryptocurrencies are a high risk investment and may not be suitable for all members of the public and all types of investor. You should not purchase cryptocurrency unless you understand the extent of your exposure to potential loss. We are only providing information for educational purpose only and no financial advice. One should know and study properly before investing into cryptocurrencies
#Blockchain
▶ Coinbase Website: Coinbase.com
▶ CEX Website: cex.io
Youtube version
