Create your own Blockchain

1. Create your own Blockchain Blockchain is a digital record of transactions. The name implies, is a chain of digital blocks that contain records of transactions. Each block contains 3 pieces of information. Data Hash Previous block’s hash Data : Based on the use, the data that is securely stored in a block depends on the type of blockchain. For example, in the Ethereum blockchain, the data stored in the info relating to the transaction: the amount of money transferred and the data of the two people involved in the transaction. Hash : You can think of a hash as a digital fingerprint. It is used to identify a block and its data. What’s important about hashes is that it’s a unique alphanumeric code, usually about 64 characters. When a block is developed, so is its hash. When a block is modified, the hash is also modified. In this way, hashes are fundamental if you want to detect any changes made to the block.

2. Previous block’s hash – By storing the hash of the previous block, you can see how each block is linked to form a blockchain! This is what makes a blockchain so secure. Why Create Your Own Blockchain? Basically, a blockchain is simply a log of actions or transactions, which is why it’s appropriate to currency. It’s also decentralized, which means it doesn’t need the main server for a source of authority. Every node in a system has a complete copy of the entire block, so if one node differs from everything else, there’s a comfort to tell which is the “real” log. There are plenty of existing blockchains that may serve your needs, but building your own blockchain is a great way to truly understand how the technology works. The original blockchain, which powers the bitcoin, used proof of work as a consensus mechanism. But today there are multiple blockchain platforms that offer a group of consensus algorithms and mechanisms such as Proof of Work (PoW) Proof of Stake (PoS) Delegated Proof of Stake (DPoS) Proof of Elapsed Time (PoET) Proof of Importance (PoI) Proof of Capacity (PoC) Proof of Weight (PoWeight) Proof of Activity (PoA) Practical Byzantine Fault Tolerance (PBFT) Simplified Byzantine Fault Tolerance (SBFT) Directed Acyclic Graphs (DAG) Tangle & more. There are many distributed ledger systems out there today and most of them are free and open source. Depending upon the consensus algorithms and mechanism you chose in step 2, you need to select the most suitable blockchain platform.

3. Some of the more popular platforms are: BigChainDB Chain Core Corda Credits Domus Tower Blockchain Elements Blockchain Platform Eris:db Ethereum HydraChain Hyperledger Fabric Hyperledger Iroha Hyperledger Sawtooth Lake Multichain Openchain Quorum Stellar Blockchain Development Process: Like every other development process, blockchain platform or application development also need us to define the scope and purpose of the project. Let us take a look at these steps that are a precursor to the actual development Blockchain Ideation Blockchain Consulting POC Development User Experience & Technical Design Deployment & Maintenance Upgrades Are you are looking for a blockchain development company that can help you develop a blockchain application? You are in the right place! Developcoins brings a team of experienced blockchain developers to every project, working with business partners to create custom

4. blockchain solutions for fintech, entertainment, insurance, and other industries. We work with some of the most popular blockchains for business, including Hyperledger, EOS, BitShares, and Ethereum. Key the power of a custom blockchain network built to your business specifications. We consult startups, large companies on using blockchain to get the best business outputs, conduct blockchain workshops, offer high-end R&D services, build Dapps, smart contracts, and all kinds of blockchain-based solutions you need to achieve your business success from the crowd. Explore More From here - http://bit.ly/2SxjxJF