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  • #3937548

    Can you explain me the difference between blockchain protocol and platform?

    by famigliaparma ·

    I have read that these terms are often used interchangeably but that they are different. Can you help me?

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    • #3939674

      This might help

      by birdmantd ·

      In reply to Can you explain me the difference between blockchain protocol and platform?

      I found this article after entering your question in a Google search: https://medium.com/@genesishack/draft-what-are-blockchain-protocols-and-how-do-they-work-94815be5efa7

    • #3939673

      Re: blockchain

      by kees_b ·

      In reply to Can you explain me the difference between blockchain protocol and platform?

      A platform is something in the cloud that a programmer uses to build an application that uses a blockchain. It’s a set of programs and data.

      A protocol defines the way the different computers involved in a blockchain transaction communicate with each other when run. It’s a document.

    • #3959837

      Reply To: Can you explain me the difference between blockchain protocol and platform?

      by amatullahchapter247 ·

      In reply to Can you explain me the difference between blockchain protocol and platform?

      A blockchain protocol forms the foundation of the blockchain. This is, inherently, a foundational layer of code that sets the framework for blockchain activity.

      This can apply to cryptocurrency but is not restrained to it. For example, Bitcoin is a cryptocurrency. Bitcoins are exchanged utilizing the Bitcoin Protocol. Protocols can distinguish how digital assets are shared.

      The Bitcoin Protocol, as well as the Ethereum one, uses a proof-of-work system that involves mining. This means that data is distributed (but secure) and multiple computers must come to a consensus to deter any malicious attacks.

      Are you looking for Blockchain Development? Blockchain technology helps to transform business and society by changing the way individuals and businesses interact and transact. Hire Blockchain Development Solutions in 2022.

    • #3967505

      Reply To: Can you explain me the difference between blockchain protocol and platform?

      by JacobMarshal ·

      In reply to Can you explain me the difference between blockchain protocol and platform?

      Blockchain is a decentralized book that stores endless number of records. The file instead stored as blocks. The market has changed with Blockchain, use peer-to-peer networks that each shopping node and send data to the encrypted channel. Blockchain technology is considered a carved response of commercial infrastructure that is enabled by confidence-based models based on reliability. Like machine learning, IOT, artificial intelligence, Blockchain technology ready to get action in all sectors.

      Their many benefits include primary data protection, ability claims Blockchain technology to accelerate transactions with banking services. This article can help us understand Blockchain and how it affects the economy about the world.

      Each block in the chain contains a number of transactions, and each time a new transaction enters the Blockchain, a transaction record is added to the heads of all parties involved in the transaction. Each transaction is recorded with a fixed cryptographic signature known as a hash. Distributed Ledger Technology (DLT) is a term used to describe a decentralized database managed by several people. Blockchain technology uses decentralization and cryptographic hashing to ensure that the history of every digital asset can no longer be retrieved and tracked. In particular, governments around the world are exploring the benefits of blockchain technology. The technology is used to reduce the risk of fraud, reduce paperwork and improve accountability. In addition, many governments have already begun to implement Blockchain technology to speed up their processes.

      Most companies have introduced technological innovations that make transactions easier. Therefore, cryptocurrencies are used as a modern payment option and crypto is definitely considered a future substitute for physical money. For example, blockchain is a secure and transparent way to do business online. To solve this, choosing the right cryptocurrency exchange platform is key to completing digital transactions with the highest speed and security.

      Once a suitable digital currency exchange platform is in place, programmable currencies or cryptocurrencies can be accessed while providing accurate real-time revenue sharing information. In addition, this means that the transparency of business transactions can be improved by the optimistic use of cryptocurrencies.

      https://www.crosstower.in/blogs/how-does-blockchain-technology-influence-the-economy

      • This reply was modified 3 weeks, 1 day ago by JacobMarshal.
      • This reply was modified 3 weeks, 1 day ago by JacobMarshal.
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