explainingblockchain

ExplainingBlockchain

Stable version 1.0.0 (Compatible with OutSystems 11)
Also available for 10
Published on 30 May 2018 by 
3.7
 (3 ratings)
explainingblockchain

ExplainingBlockchain

Details
Have you ever tried to explain blockchain to your friends or colleagues but you don't have an app where you can easily visualize it? Here is an OutSystems mobile app you can use.
Read more

Have you ever tried to explain blockchain to your friends or colleagues but you don't have an app where you can easily visualize it?

Here is an OutSystems mobile app you can use.

Blockchain concepts

The blockchain is a set of multiple transaction ledgers kept in sync. This implies the use of a distributed database.

Each transaction contains a unique hash of its information and it is linked to the previous transaction creating a chain. Once a transaction is inserted in the ledger and there is a consensus in the ledgers, it is final, since to change it, you would have to update all the subsequent transactions in all ledgers.

Some blockchains (more common in cryptocurrencies) have the concept of proof of work, meaning each transaction hash must comply with a rule. This rule check is used to confirm the transaction in the multiple ledgers. For a peer to validate the block it must try different NONCE's while hashing the block until it gets a hash that complies with the rule. This also serves the purpose of regulating how difficult it is to validate a block.

What’s new (1.0.0)
Reviews (3)
23 Jan
in version 1.0.0
It Works Perfectly, you must updated your dependencies
2020-09-04
in version 1.0.0
Works great once you update your dependencies. Once it's installed you can follow along with https://www.outsystems.com/learn/lesson/1713/blockchain-demystified
2020-09-02
in version 1.0.0
Hi,
the component does not work for the latest version of personal environment created to work on outsystems(11). when will this module be made compatible with latest versions. 
More from Barduino