BlockChain system and their relation with Bitcoins

jademaxsuy

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Quote from: sgandham0416 on February 03, 2020, 01:14:21 AM

Hi,

Iam planning to start a new project regarding the blockchain systems and I also need a basic understanding of the bitcoins and their relations with the block chains.

I am planning to start a project around the investment plans that can be related to these block chain technologies.

Block chain or commonly called blockchain is where the bitcoin data is stored. Until now, blockchain is still growing. Blockchain contains blocks that are linked with the help of cryptography. Each block contains previous hash, timestamp and transaction data which makes it impossible to modified the stored data. Learn first about blockchain then you'll understand.

hatshepsut93

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Quote from: sgandham0416 on February 03, 2020, 01:14:21 AM

Hi,

Iam planning to start a new project regarding the blockchain systems and I also need a basic understanding of the bitcoins and their relations with the block chains.

I am planning to start a project around the investment plans that can be related to these block chain technologies.

Who in their right mind would invest in a project created by a person with zero knowledge of the field? Would you as a non-doctor to perform a life-saving surgery?

If you are asking such basic questions, forget about your project, you will need to spend years to learn about cryptography and only then you might be able to create something, providing that you also know how to code. Because right now your project is doomed from the start.

bitmover

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bitcoindata.science

Quote from: hugeblack on February 03, 2020, 09:25:35 PM

are you sure? I think you mean Bitcoin Blockchain not Blockchain

Quote

The first work on a cryptographically secured chain of blocks was described in 1991 by Stuart Haber and W. Scott Stornetta.

[1] https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

I made a little research about it, and it is a bit more complicated.
Satoshi didnt invent blockchain, but he created the first blockchain. Those people you mentioned just wanted to create one, but thy didn't.

"The first work on a cryptographically secured chain of blocks was described in 1991 by Stuart Haber and W. Scott Stornetta.[6][11] They wanted to implement a system where document timestamps could not be tampered with. In 1992, Bayer, Haber and Stornetta incorporated Merkle trees to the design, which improved its efficiency by allowing several document certificates to be collected into one block.[6][12]

The first blockchain was conceptualized by a person (or group of people) known as Satoshi Nakamoto in 2008."
https://en.m.wikipedia.org/wiki/Blockchain

hugeblack

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Quote from: sgandham0416 on February 03, 2020, 01:14:21 AM

I am planning to start a project around the investment plans that can be related to these block chain technologies.

Don't start a project on something you don't understand much information about. Investing in a project requires full knowledge of the idea you want to invest in and you do not have the basic information for that investment.
You can start learning this technique by listening to aantonop's^[1] videos and tutorials.

Quote from: bitmover on February 03, 2020, 03:25:53 AM

Blockchain is a technology which was designed by satoshi Yamamoto.

are you sure? I think you mean Bitcoin Blockchain not Blockchain

Quote

The first work on a cryptographically secured chain of blocks was described in 1991 by Stuart Haber and W. Scott Stornetta.

[1] https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

Kemarit

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Quote from: sgandham0416 on February 03, 2020, 01:14:21 AM

Hi,

Iam planning to start a new project regarding the blockchain systems and I also need a basic understanding of the bitcoins and their relations with the block chains.

I am planning to start a project around the investment plans that can be related to these block chain technologies.

Then you should start understanding how bitcoin and blockchain works, this community is a good place to start. We have a search function here, you might want to maximized it, Grin

Andreas Antonopoulos YT channel - https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ

HBKMusiK

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Quote from: bitmover on February 03, 2020, 03:25:53 AM

?satoshi Yamamoto?

Who ? This guy: https://en.wikipedia.org/wiki/Satoshi_Yamamoto ?

Quote from: sgandham0416 on February 03, 2020, 01:14:21 AM

Hi,

Iam planning to start a new project regarding the blockchain systems and I also need a basic understanding of the bitcoins and their relations with the block chains.

I am planning to start a project around the investment plans that can be related to these block chain technologies.

You can find a lot of information here on the forum (Beginners section, a suggestion would be to ask HERE exactly what do you need)

If you are a guy that learn more by watching go for this documentary: Banking on Bitcoin

You can also check my thread (at least to familiarize with crypto terms): https://bitcointalksearch.org/topic/guide-for-beginners-in-the-world-on-cryptocurrencies-5214373

bitmover

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bitcoindata.science

Blockchain is a technology which was designed by satoshi nakamoto, when he created bitcoin.

If you want to create a project regarding those disciplines, you should at least read some books related to the subject
The best one for beginner is mastering bitcoin by Andreas Antonopoulos.

You can find it for free in github.

Olmaca

newbie

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A blockchain is the means of how data is transferred in a decentralized manner..
Bitcoin uses an implementation of the blockchain that distributes a ledger with addresses and their balances

You might want to check out the vast resources available for learning before you do invest anything into the industry.
Try coindesk's guide and a lot of others, try Google too Wink

sgandham0416

newbie

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Hi,

Iam planning to start a new project regarding the blockchain systems and I also need a basic understanding of the bitcoins and their relations with the block chains.

I am planning to start a project around the investment plans that can be related to these block chain technologies.

Topic: BlockChain system and their relation with Bitcoins (Read 217 times)