What Is A Hybrid Blockchain?
It is important to understand what a blockchain system is: a blockchain is a growing list of records, called blocks , which are linked using cryptography . Each block contains a cryptographic hash of the previous block a timestamp, and transaction data (generally represented as a Merkle tree). By design, a blockchain is resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. A blockchain is, in the simplest of terms, a time-stamped series of immutable record of data that is managed by cluster of computers not owned by any single entity. Each of these blocks of data (i.e. block) are secured and bound to each other using cryptographic principles (i.e. chain). Now that we’ve got a basic understanding of what a Blockchain System is we can dive right into understanding hybrid blockchains. Hybrid Blockchain Hybrid Blo...