Temporary forks and chain reorganizations (reorgs) are natural occurrences in decentralized blockchain systems. They arise due to the asynchronous nature of block propagation across the network. While temporary forks are short-lived and resolved quickly, chain reorganization refers to the process by which the blockchain discards one branch in favor of a longer or higher-priority chain….
Segregated Witness (SegWit) is a protocol upgrade for Bitcoin that enhances its scalability and transaction efficiency. Introduced in 2017, SegWit addresses several limitations of the original Bitcoin protocol, including transaction malleability and block size constraints. Understanding SegWit What is SegWit? SegWit stands for “Segregated Witness,” referring to the separation of signature data from transaction data….
Bitcoin transactions are the backbone of the Bitcoin network, facilitating the transfer of value. Understanding their structure is essential for anyone interested in blockchain technology. This article delves into the details of both legacy and witness (SegWit) transaction structures. Basics of Bitcoin Transactions A Bitcoin transaction comprises inputs and outputs. Inputs are sources of funds,…
Linear consistency models are crucial in ensuring reliability and coherence in distributed computer systems. These models help manage how systems handle data and operations across multiple nodes, ensuring consistency without sacrificing performance. What is a Linear Consistency Model? In distributed computing, a linear consistency model ensures that operations on distributed data appear as if they…
Cloud storage systems utilize various consistency models to balance performance, availability, and data accuracy. This article explores these models, their trade-offs, and examples of systems using them. We’ll also discuss the CAP theorem and its implications. Consistency Models Strong Consistency Definition: Guarantees that any read operation returns the most recent write for a given piece…
The Raft consensus protocol is a distributed consensus algorithm designed to be more understandable than other consensus algorithms like Paxos. It ensures that a cluster of servers can agree on the state of a system even in the presence of failures. Key Concepts Raft divides the consensus problem into three relatively independent subproblems: Leader Election:…
Multisig, short for “multisignature,” is a cryptographic mechanism that requires multiple signatures to authorize and execute a transaction. What is Multisig Multisig ensures that multiple parties must collaborate and approve a transaction before it can be deemed valid. It provides an additional layer of security requiring multiple parties’ signatures to spend or transfer the crypto…
Distributed systems, such as peer-to-peer networks, , and other decentralized platforms, have become increasingly popular due to their potential to offer more robust, scalable, and secure solutions. However, these systems face unique challenges and vulnerabilities, one of which is the Sybil attack. Named after the psychiatric case study “Sybil,” in which a person exhibits multiple…
WebDAV (Web Distributed Authoring and Versioning) is an extension of the HTTP/1.1 protocol, which enables users to create, modify, and delete files on remote web servers. This protocol provides a standardized way for users to collaboratively edit and manage files on the web, much like a remote file system. WebDAV Features WebDAV introduces several features…
Consensus algorithms play a crucial role in the functioning of decentralized networks, such as blockchain-based systems. They help maintain the integrity, security, and reliability of these networks by ensuring that all participants agree on the state of the system. In this post, we will explore the concept of consensus algorithms, their importance, and some of…
Double-spending is a critical issue that any digital currency must address to ensure its viability and security. In this post, we’ll explore the concept of double-spending, the problems it poses, and how blockchain technology overcomes these challenges. What is Double-Spending? Double-spending occurs when a user spends the same digital currency unit more than once. In…
One of the most significant threats to public blockchain networks is a 51% attack, where a single entity gains control over the majority of the network’s mining power. In this blog post, we will discuss the concept of a 51% attack, its potential consequences, and measures to prevent it. What is a 51% Attack? A…
Blockchain technology is based on the idea of decentralization, transparency, and security. One of the key challenges in blockchain technology is reaching consensus on the state of the ledger. Consensus mechanisms ensure that all nodes in the network agree on the current state of the blockchain. Proof of Work (PoW) is a consensus mechanism that…
Blockchain technology is based on the idea of decentralization, transparency, and security. One of the key challenges in blockchain technology is reaching consensus on the state of the ledger. Consensus mechanisms ensure that all nodes in the network agree on the current state of the blockchain. Proof of Stake (PoS) is a consensus mechanism that…
Ethereum is a decentralized blockchain platform that enables developers to build and deploy decentralized applications (dApps) on the blockchain. Ethereum was created in 2014 by Vitalik Buterin and has since become one of the most popular blockchain platforms in the world. In this article, we’ll provide a development history of Ethereum, an overview of its…
CalDAV and CardDAV are application layer computer network protocols that enable users to synchronize and manage their calendar (CalDAV) and contact (CardDAV) data across multiple devices and platforms. These open standards protocols leverage the (World Wide Web Distributed Authoring and Versioning) protocol, which provides a framework for users to create, change, and move documents on…
Decentralization is a concept about control and management. It refers to that the control and decision-making in a distributed network are transferred away from a centralized entity (individual, organization, or group thereof). The resources in a decentralized network are owned and shared by network members. This concept is particularly significant in the world of blockchain…
Cryptographic tokens, or crypto tokens, are tradable digital units of assets that reside on blockchains. These tokens have become increasingly popular in recent years due to the rise of cryptocurrencies and the growing interest in non-fungible tokens (NFTs). Both fungible and non-fungible tokens play a significant role in the world of blockchain technology and digital…
Bitcoin is the world’s first cryptocurrency on the Bitcoin blockchain network. BTC has gained significant popularity since its inception in 2009. It functions as a decentralized, peer-to-peer electronic cash system, allowing users to make transactions without the need for a central authority. Bitcoin History Bitcoin’s story begins with the release of a whitepaper by an…
What is blockchain? Blockchain is a specific type of database with special data organization and properties. Blockchains store data in blocks that are then cryptographically chained together in the chronological order one by one, with the block chained onto the previous block. Data commonly stored in blockchains are transactions for Distributed Ledgers. The transactions are…