What language is blockchain written in (What algorithm is blockchain written in)?

08/15/2023 15:14 • Metaverse & Beyond • 48 views

What language is blockchain written in? What language is blockchain written in?

In the world of the internet, we call it “distributed ledger technology.” Blockchain is a decentralized database that allows people to create, manage, and use data. This technology enables peer-to-peer transmission while ensuring transaction security and privacy. However, currently there is no cryptocurrency widely adopted like Bitcoin. Therefore, many developers refer to this concept as a “distributed ledger” or “distributed application,” which is a technology based on the Ethereum network aiming to provide a transparent platform for recording and verifying transaction information.

For blockchain, the most important thing is to understand what a distributed ledger system is. Compared to traditional computer software, a distributed accounting system operates using a consensus algorithm through proof-of-work calculations without any central authority, making the entire system censorship-resistant and immutable. Additionally, fundamental features such as “distributed repository” (e.g., disk space), smart contracts (such as Bitcoin), and interaction between blockchains also contribute to ensuring these characteristics do not become problematic.

So, why should we study blockchain? Because it does not rely on a single entity or specific organization to process a large number of transactions. Instead, it is accomplished through various different ways. In simple terms, it obtains deterministic conclusions by multiple participants communicating with each other and reaching consensus. If one day, all parties can fully understand and execute the rules stipulated in the protocol, it means that the process does not need to be undertaken by another third party but directly receives the agreement and approval of other stakeholders.

Therefore, blockchain not only helps to solve the root causes of the above problems but more importantly, it is essential to understand what it is.

What algorithm is blockchain written in?

According to IMEOS report, what algorithm is blockchain written in? It is a decentralized distributed ledger technology.

We know that the issuance and total volume of digital currencies are calculated by computers. However, if we do not consider the price volatility of cryptocurrencies like Bitcoin and the price fluctuations related to other digital currencies, we need a system to track these data to determine the credibility, accuracy, and validity of their values. And the smart contract application built on the blockchain network is part of using this new technology, which is the consensus mechanism.

What is a consensus protocol? Blockchain is a trustless network platform designed to verify and confirm the participants’ identities off-chain while providing secure services and ensuring the integrity of the system.

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What language is blockchain written in (What algorithm is blockchain written in)?

What algorithm is blockchain written in?

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