Blockchain for beginner
Write data in blockchain is immutable.
It has a unique hash-like finger print. If anything changes in the block Hash will have a different value.
They capture previous blocks to protect the chain and make it secure.
They call the previous block.
In blockchain, it took 10 minutes to make a new block for proof of work.
In blockchain, they use peer 2 peer connection and it has a distributed system.
All he consensus about the new node. If you want to hack the systems, it means that you have to control more than 50 percent of the network.
Blockchain technologies can use in different fields.
Smart contracts look like the Kickstarter website. but they don’t need a third party. and everything will be distributed. They are stored in blockchain and they are distributed and immutable.
Tokens are hosted on crypto coins.
Tokens are children of their parents.
developer make tokens is maid by the coin for lunch their programs
Bitcoin can only be used as a coin but Ethereum Binance and Tron can use as a token for any purpose.
Shiba is made by Ethereum contract.
ERC-20 is fungible standard.
ERC-721 is non-fungible and used in NFT and every coin is unique.
ERC-721 is usually used for assets and ERC-20 is used for coins or tokens.
ERC-1155 is used by gamers. it can handle fungible and non fungible or semi fungible assets.
Wallet is program that keep public and private key.
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