Sunday, August 14, 2022

FINANCE MINISTER NIRMALA SITARAMAN IS STILL BATTING FOR BLOCKCHAIN DISTRIBUTED LEDGER TECHNOLOGY—Capt Ajit Vadakayil

 





https://www.thehindu.com/news/national/karnataka/exercise-caution-while-dealing-in-cryptocurrency-nirmala-sitharaman-warns-public-start-ups/article65766048.ece

 

TAMIL IYENGAR JEWESS JNU PRODUCT FINANCE MINISTER DOES NOT KNOW IF SHE IS COMING OR GOING..

 

THE JEWISH DEEP STATE IS VERY HAPPY WITH HER. 

 

SHE IS STILL BATTING FOR BLOCK CHAIN  . 

 

I PENNED AN 18 PART BLOG SERIES ON BLOCKCHAIN, 4 YEARS AGO..  IT WAS LIKE SINGING TO DONKEYS..

 

THIS IS WHAT HAPPENS WHEN YOU HAVE A CHILDLESS PM WHO IS A JEWISH DEEP STATE DARLING..

 

http://ajitvadakayil.blogspot.com/2018/04/blockchain-bitcoin-must-be-kicked-out.html

 

Distributed ledger technology (DLT) refers to the protocols and supporting infrastructure that allow computers in different locations to propose and validate transactions and update records in a synchronised way across a network.

 

Distributed ledger technology (DLT) is a digital system for recording the transaction of assets in which the transactions and their details are recorded in multiple places at the same time.

 

Hedera Hashgraph is an enterprise-focused public Distributed Ledger Technology (DLT) that utilizes a Directed Acyclic Graph (DAG) for its architecture instead of a blockchain.

 

Hedera Hashgraph allows hundreds of thousands of transactions per second, as the information travels exponentially.

 

HEDERA HASHGRAPH ALSO PROVES TO BE FAIRER THAN BLOCKCHAIN AS MINERS IN THE PAYROLL OF THE JEWISH DEEP STATE CAN CHOOSE THE ORDER OF TRANSACTIONS, CAN DELAY THEM, OR EVEN STOP THEM FROM ENTERING THE BLOCK IF NECESSARY.

 

Hashgraph is known for its speed as it can handle thousands of transactions per second and verify over a million signatures per second. It can be called the new generation of blockchain and may well take over blockchain technology by proving its worth and authenticity.

 

DLT is a decentralized database managed by multiple participants, across multiple nodes. Blockchain is a type of DLT where transactions are recorded with an immutable cryptographic signature called a hash.

 

A Distributed Ledger is a decentralized database spread across several computers or nodes, and every node must maintain the ledger. Even if any data update happens, the ledger gets updated, and this update occurs independently at each node, and other nodes will verify it.

 

In Distributed Ledger systems, all the nodes have an equal status in terms of authority; to make it a transparent technology, there is no central authority or any centralized server management database. 

 

The key difference is that Blockchain is a Distributed Ledger, but at the same time, not all distributed ledgers are Blockchain, as Blockchains are a series of block structures.

 

A Distributed Ledger provides more scaling and flexibility for a distributed data system. The concept of distributed ledgers has always been appealing because it eliminates all the intermediaries involved.

 

Like Blockchains, distributed ledgers do not require any blocks to store data. Distributed ledgers are a database that can be distributed across multiple sites, regions, and participants. 

 

The verification of all the transactions happens through a consensus algorithm, and this process is quite easy, but again the voting right or participation of all the nodes in the ledger will depend on the rules of that ledger. 

 

Hashgraph does not use miners for validating transactions; instead, it makes use of directed acyclic graph, which assists in time sequencing the transactions without having to divide them into blocks. It uses a protocol which is known as gossip about gossip in order to send information between nodes in a network.

 

The nodes send data to random members in the network along with the history of the previous transaction; this circulates all the informations amongst all the members.

 

Hedera Hashgraph has its own cryptocurrency called HBAR. It is used to build peer-to-peer payment systems, develop micropayment solutions, decentralised applications and secure the network.

 

Distributed Ledger Technology type can be split between public and private. It's decentralized so that anyone not located anywhere can make a difference in the transactions between the parties.

 

Public Distributed Ledger Technology depends on consensus from each node. Privates. Then a. Most commonly employed for business use as a company database. The network uses permissions allowing different ledgers to remain synchronized across nodes.

 

A distributed ledger technology (DLT) is a system where we share information and we don’t trust each other individually, but we trust the group as a whole.   DLTs allow us to come up with a consensus on the order of transactions and timestamps.

 

Hashgraph is a DLT.   However, hashgraph is not a blockchain in the sense that it’s not built on a chain of blocks.  Hashgraph would be best characterized as a DAG — Directed Acyclic Graph.

 

Hashgraph fixes many of the failings that previous DLTs have faced: Hashgraph is incredibly fast, secure, and fair.

 

Hashgraph has a incredibly high throughput compared to other DLTs. It is able to achieve hundreds of thousands of transactions per second, even with only one shard. Furthermore, hashgraph has small latency — it takes only a few seconds for the transaction to be sent out.

 

Hashgraph achieves this speed through what’s called the “gossip protocol”

 

Hashgraph does NOT have a cryptocurrency.

 

Secondly, it does not have a public ledger. Instead, Hashgraph is a permissioned ledger.

 

In a public ledger, anybody can be a node in the network. Take Bitcoin, for example, the biggest public ledger in terms of market cap. Anybody can use Bitcoin’s cryptographic keys, anybody can join the network, and anybody can become a miner to be rewarded in helping the network function.

 

Anybody can see transactions on the network, and anybody can write a new block on the Bitcoin chain (as long as they follow the parameters of what constitutes a valid Bitcoin block).

 

A permissioned ledger, on the other hand, requires permission (hence the name) to perform certain activities on or to the network. Permissioned ledgers can limit the people and groups who are able to transact on the blockchain, and limit the people and groups who can write new blocks onto the chain.

 

Owners of the permissioned ledger can determine who can be transaction validators on the network. In essence, a permissioned ledger requires that you have permission to run a full node.

 

Permissioned ledgers are INCREDIBLY useful for industries where you care about keeping secrets. The financial industry is a great example of such an industry.

 

Dark pools (also known as black pools), private forums for trading securities and derivatives, would be one portion of the financial industry where permissioned would be wanted instead of public ledgers — you would want every node of a dark pool to be permissioned and communication between nodes to be encrypted.

 

Hashgraph is based on a patented algorithm ,which is owned by Swirlds. Therefore, new entries will have to pass through Swirlds.

 

Hedera Hashgraph uses the gossip about gossip protocol in order to provide quicker transaction speeds because it needs less information to propagate with more events taking place. Up to 500,000 transactions can be processed per second.

 

Blockchain’s block approach has made it difficult for miners to work on it because when two blocks are mined simultaneously, they have to decide on a single block. This means that the other block gets discarded, and the efforts go in vain.

 

As Hashgraph doesn’t use the block approach, it is considered to be 100% efficient as it doesn’t face such problems. No resources are wasted or discarded since all the events that are gossiped about to the network are reserved.

 

Hedera Hashgraph uses virtual voting in order to gain network consensus. It does not need other algorithms since it can offer low-cost and high performance without any failure. Also, it doesn’t require high computation power and electrical supply.









CAPT AJIT VADAKAYIL

..


ABOVE: VADAKKUMNATHAN TEMPLE, KERALA.... THERE IS A SURGE IN HINDU PRIDE ALL OVER THE PLANET... WHO KICK STARTED IT ? PRAY? PRITHEE?

CHILDLESS TRAITOR MODI ??




The Thrissur Pooram is held at the Vadakkunnathan (Shiva) Temple

https://ajitvadakayil.blogspot.com/2013/04/thrissur-pooram-festival-mother-of-all.html








3 comments:


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  2. The One & Only MIGHTY Capt. kick started the surge in National Pride !!!

    I have also hoisted a 3 X 4.5 ft. size Indian Flag in my home.


    Regards,
    S

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