Re: A simple bitcoin Q/A. Learn new and interesting stuff about bitcoin.
⭐ Merited by Hannahanto (1)
A'right here's another question :
Question : What is the Difference Between a Blockchain and a Database?
This is yet another easy question but again people don't know about this. I am looking for some main points, basic explanation is not what I am looking for!
Blockchain Question : What is the Difference Between a Blockchain and a Database?
This is yet another easy question but again people don't know about this. I am looking for some main points, basic explanation is not what I am looking for!
A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly and it is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network. Originally developed as the accounting method for the virtual currency Bitcoin.
Database
Is a collection of information that is organized so that it can be easily accessed, managed and updated. One of the example on this is spreadsheet. SO it seems Bitcoin has a transaction Database will record on it.
Blockchain as a permanent database, each time a block gets completed, a new one is generated. There is a countless number of such blocks in the blockchain, connected to each other.
For a blockchain database, each participant maintains, calculates and updates new entries into the database. All nodes work together to ensure they are all coming to the same conclusions, providing in-built security for the network.
correct me if i'm wrong..
