Blockchain Development
How is blockchain development important in today’s world? Remember the sight in government offices where files were stacked in a rack, arranged in some particular order. Sometimes by name but mostly by chronological order. If stored properly each file would have a unique identifier, something like a file number. But this system wasn’t fool proof. That’s where blockchain development comes to play.
Conscious tamperings and involuntary human errors made the system less reliable. As time passed the files accumulated and started to eat space. However, mere digitalization solved many physical ledger problems but not all.
What if we had a system where we can store data that automatically generates its unique identifier? What if that unique identifier not only identifies the data but also identifies the origin and the entire path of the data? Blockchain is a system where we make use of cryptography and decentralized distribution methodology to protect a collection of data which is interlinked in series.
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Blockchain development
Blockchain development is where the digital infrastructure of the blockchain technology is created. Just like any other digital technology blockchain is also divided into systems and software.
Core blockchain development
The stream of blockchain technology where the design and building of systems and protocols is taken care of is termed as core blockchain development. Basically core blockchain development is creating the architecture of a particular blockchain system by designing the protocols required for it.
Core blockchain development requires identification of characteristics and functionalities of a blockchain and efficiently implementing them. Also the design protocols, consensus protocols, security parameters and effortless network building comes under core blockchain development.
Hashing – the fingerprint of data
The security aspect of blockchain is made possible by the method of hashing. This is so vital in blockchain technology as it provides the major layer of foolproofing. The hashing provides uniqueness to the data just like fingerprints. This helps in making the data tamper proof as an alteration in one block will make all the following blocks in that series invalid. This can be counter checked by the decentrally distributed data shared to other users in the network. Different blockchain use different programs for hashing their data according to their requirements. The decision on which hashing technology to use is determined in core block chain development.
Blockchain software development
When a blockchain is created based on the set of protocols set by the core blockchain development team, that comes under blockchain software development. We can compare this to an application development based on the set protocols of Play Store or App Store. Blockchain also requires apps which are called dApps. This including the integration of these apps with other applications and systems comes under blockchain software development.
Smart contract – the new way of contract encryption
Smart contract is a system of fool proofing blockchain interactions or transactions. They are programs stored under a blockchain. A smart contract gets activated and runs when the predetermined conditions are satisfied. They have applications in any interaction where a contract is required. Since smart contracts are programs, they come under the scope of blockchain software development.
