Sunday, 25 December 2016

MultiChain

MultiChain  - multichain.com
  • Open Platform for BlockChain applications
  • Technically a software which can help you setting up private BlockChain quickly
  • A Fork/extension of Bitcoin core
  • Many extended features which are not available in Bitcoin core
    • Permission management
    • Data streams transactions
    • Native asset transactions
    • Mining and Block signatures
    • Extended peer-peer handshaking
    • & more
    •  
Hashes
  • It is digest of data or crunched data
  • Result of crunching any data into fixed length of alphanumeric string. (one-way method)
  • Many algorithms exists example SHA-1, SHA-256, RIPEMD-160
  • In Bitcoin, Hash is computed twice and most of the time it is SHA-256
  • RIPEMD-160 is used for wallet addresses
MERKLE TREE
  • Binary tree of hashes
  • Bitcoin uses double SHA-256 hashes
  • In case of odd number of nodes in a row, last node's digest taken twice to make it even

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