Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous

A blockchain is a growing list of records, called blocks, that are linked together using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data. The timestamp proves that the transaction data existed when the block was published in order to get into its hash. As blocks each contain information about the block previous to it, they form a chain, with each additional block reinforcing the ones before it. Therefore, blockchains are resistant to modification of their data because once recorded, the data in any given block cannot be altered retroactively without altering all subsequent blocks.

Blockchains are typically managed by a peer-to-peer network for use as a publicly distributed ledger, where nodes collectively adhere to a protocol to communicate and validate new blocks.

One of the main advantages of blockchain is to establish a creditworthy ecosystem among independent participants in a non-trustable distributed environment.

In this assignment, you are required to develop a secure distributed application which utilized blockchain, examples of such applications include:

blockchain-based E-voting system

blockchain-based peer-to-peer ride sharing

Secure sharing of medical data

cryptocurrency transfer application

While developing your application, you need to apply the standards and secure programming principles.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Databases questions

Question

The default shell in Ubuntu is called what? csh tcsh k h bash

Answered: 1 week ago

Question

b. What groups were most represented? Why do you think this is so?

Answered: 1 week ago