How to Create a Blockchain?
Answers
Answer:
Basically, a blockchain is simply a log of actions or transactions, which is why it’s appropriate to currency. It’s also decentralized, which means it doesn’t need the main server for a source of authority. Every node in a system has a complete copy of the entire block, so if one node differs from everything else, there’s a comfort to tell which is the “real” log.
There are plenty of existing blockchains that may serve your needs, but building your own blockchain is a great way to truly understand how the technology works.
Creating a custom blockchain gives ultimate flexibility. You get:
- Choice of consensus algorithms and mechanism
- Your own balance of security, scalability, and decentralization to meet your business needs
- Choice of programming language like python, java, solidity and more
- Control of codebase
- Ability to update how and whenever you want
- Ultimate flexibility
Explanation:
developcoins.com/create-your-own-blockchain
Answer:
Step 1: Identify a Suitable Use-case
Data Authentication & Verification
Smart Asset Management
Smart Contracts
Step 2: Identify the Most Suitable Consensus Mechanism
Step 3: Identify the Most Suitable Platform
BigChainDB
Step 4: Designing the Nodes
Step 5: Design the Blockchain Instance
Step 6: Building the APIsBigChainDB
Step 5: Design the Blockchain Instance
Step 6: Building the APIs
Step 7: Design the Admin and User Interface
Step 8: Adding Future Tech