Computer Science
Computer Science The vast majority of the population associates Blockchain with the cryptocurrency Bitcoin; however, there are many other uses of blockchain; such as Litecoin, Ether, and other currencies. Describe at least two cryptocurrencies with applicable/appropriate examples and discuss some of the similarities and differences. A brief about the terms, Blockchain is a decentralized system that records all information relating to it. This response includes names, addresses, transactions, accounts, and data. All this information is placed on a distributed network which forms part of the Internet and can be accessed by anyone (Shatz, 2012). There are several blockchains, including public, private, and permissioned blockchains. These three types are distinct because they use different protocols but are linked together without any restriction from either party on the protocol used to access the chain. Blockchain is applied in both financial institutions and corporations. It has become...