Prasanna Kotamraju has Published 223 Answers

What is consensus protocol in Block Chain?

Prasanna Kotamraju
Prasanna Kotamraju
Published on 04-Jun-2019 17:53:44
Consensus protocol is one of the most important aspects that makes the Block chain network a fool proof system. It is the revolutionary protocol that makes the Block chain network an irrefutable system where the majority of devices (nodes) connected to the network agree on each and every transaction. This ... Read More

What are Digital Signatures and how do they work?

Prasanna Kotamraju
Prasanna Kotamraju
Published on 04-Jun-2019 17:51:36
Digital Signature is a mathematical technique which is used to authenticate a digital document. This is equivalent to handwritten signature or a stamped seal and offers far more security and integrity to the message or digital document. It solves the problem of impersonation in digital communications by providing evidence of ... Read More

Is Bitcoin legal in India?

Prasanna Kotamraju
Prasanna Kotamraju
Published on 24-May-2019 16:21:31
Cryptocurrency is not a traditional currency as well as you cannot even get it through a traditional method; this makes it a completely different asset than the rest. Thus, its legality puts it under the dark clouds of doubt. Thus, the question leaves a number of investors and other crypto ... Read More

What is Bitcoin’s Lightning Network?

Prasanna Kotamraju
Prasanna Kotamraju
Published on 24-May-2019 16:18:31
Ever since Bitcoin came into existence in 2008, scalability has been one of the important drawbacks. Well, let us understand what is the scalability. Bitcoin is capable of processing around 7 transactions per second, when compared to 24, 000 transactions per second by Visa. Given the magnitude of increase in ... Read More

How to use Bitcoins as Traditional Currency?

Prasanna Kotamraju
Prasanna Kotamraju
Published on 24-May-2019 16:14:26
The bitcoin craze is gradually taking a leap now and the investors are optimistic about its growth and increased value in the coming future. However, the stability of bitcoin currency is still a big concern for everyone. Nonetheless, people are mining bitcoins, getting them exchanged and also dealing in them. ... Read More

How can you get XRP?

Prasanna Kotamraju
Prasanna Kotamraju
Published on 24-May-2019 16:11:08
Inspired by Bitcoin many altcoins have come into the digital world. Ripple is a technology which acts both as a digital payment network for financial transactions and also as cryptocurrency labelled as XRP. Ripple was founded by Chris Larsen and Jed Mc Caleb in 2012.Ripple works as a real-time gross ... Read More

How do you earn bitcoins?

Prasanna Kotamraju
Prasanna Kotamraju
Published on 24-May-2019 16:07:33
Bitcoin is the latest buzz in the world of digital currency at the moment and those who see its significance from a permissive outlook, they go for it because they know it that through this magical currency they can make money faster and become rich. Well, I am sorry to ... Read More

How to spend Bitcoin?

Prasanna Kotamraju
Prasanna Kotamraju
Published on 24-May-2019 16:03:45
The concept behind the inception of Bitcoin and Block chain was to introduce the world to a network and currency that bring a Distributed network and currency which is transparent and easy to use across multiple platforms. It brought about a radical change to the way we shop and add ... Read More

What is the difference between Proof of Work and Proof of Stake?

Prasanna Kotamraju
Prasanna Kotamraju
Published on 24-May-2019 15:57:41
Bitcoin is the first and foremost cryptocurrency ever created. It is the digital currency which is created, used and maintained electronically. The transactions of a digital coin are written in Blocks and maintained in the Block Chain, which is a distributed, transparent and digital ledger.During the process of mining the ... Read More

What is the Difference Between a Block chain and a Database?

Prasanna Kotamraju
Prasanna Kotamraju
Published on 24-May-2019 15:55:14
The difference between a Block chain and a traditional database begins with architecture, creation, access, and permissions. They differ in each and every aspect except that they both are huge repositories of data which is stored and accessed in an organised form, digitally.DatabaseThis runs on a client-server network, where there ... Read More
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