Two methods for achieving decentralization are: disintermediation and competition. Disintermediation The concept of disintermediation can be explained with the aid of an example. Imagine that you want to send money to a friend in another country. You go to a bank, which, for a fee, will transfer your money to the bank in […]
The basic idea of decentralization is to distribute the control and authority to the peripheries of an organization instead of one central body being in full control of the organization. The benefits for organizations in following decentralization are: increased efficiency, faster decision making, better motivation, and a reduced burden on top management. Decentralization […]
The hosting landscape of the web changes constantly, and it keeps on evolving with more up-to-date solutions, that is why cloud hosting has emerged as a very effective alternative for individuals and businesses needing scalability, security, and performance. Combine this with local data centers, and it changes everything completely. In particular, cloud hosting […]
There is no doubt regarding the potential of dedicated servers when it comes to the performance, stability, resources, and scalability of the hosting infrastructure. No matter whether you are an entrepreneur, a growing business, or a well-established infrastructure, a dedicated server with cPanel caters to your precise hosting needs with unparalleled productivity. […]
We all know that shared hosting is cost-effective and one of the ideal web hosting with cPanel, which offers beginners a fantastic platform to launch their online business. However, since it’s the basic web hosting solution, unlike robust services such as Node.js hosting server, it can come with a few issues. To ensure […]
The CAP theorem, also known as Brewer’s theorem, was introduced by Eric Brewer in 1998 as a conjecture. It states that any distributed system cannot have consistency, availability, and partition tolerance simultaneously. Consistency is a property that ensures that all nodes in a distributed system have a single, current, and identical copy of the […]
Consensus is a process of achieving agreement between distrusting nodes on the final state of data. To achieve consensus, different algorithms are used. The process of attaining agreement on a common state or value among multiple nodes despite the failure of some nodes is known as distributed consensus. Consensus is the backbone of a […]
In this article we will discuss different types of blockchain based on its evolution and usage. The categorization of blockchains is illustrated in the figure below: Distributed Ledgers A distributed ledger is a shared database. All blockchains technically fall under distributed ledgers. But, all distributed ledgers are not blockchains. A critical difference between a […]
In this article we will learn the basic concepts of blockchain technology like what is a blockchain? the blockchain architecture and how does a blockchain work? In 2008, a groundbreaking paper, entitled Bitcoin: A Peer-to-Peer Electronic Cash System, was written on the topic of peer-to-peer e-cash under the pseudonym of Satoshi Nakamoto. It introduced […]
Blockchain was introduced with the invention of Bitcoin in 2008. Its practical implementation then occurred in 2009. We will look at a chronological order of early history and computer networks and how they evolved and contributed to the development of Bitcoin in 2008. The order of events is: 1960s – Invention of computer networks 1969 […]