Azure Blockchain Service - myth or reality | Radu Vunvulea | ITCamp | Cluj-Napoca | Romania
Download as PPTX, PDF0 likes204 views
The document discusses the concept of cryptocurrency, emphasizing its decentralized nature, use of blockchain technology, and consensus mechanisms such as proof of work and proof of stake. It highlights the potential for cost savings and increased transparency in transactions while addressing the challenges of energy consumption and security. Additionally, it briefly mentions blockchain as a service and the future of smart contracts in enhancing trust and reducing redundancy.
Azure Blockchain Service - myth or reality | Radu Vunvulea | ITCamp | Cluj-Napoca | Romania
- 4. Limited entries in a database no one can change without fulfilling specific conditions https://blockgeeks.com/guides/what-is-cryptocurrency/
- 7. RADU VUNVULEA Technology Enthusiast Dreamer Microsoft Azure MVP Speaker & Trainer Writer & Blogger Idealist Software Architecture Crafter
- 10. Blockchain Decentralized Peer-to-peer networks • Replica of ledger Replicas in sync • Consensus • Secure • Permissionless • Pseudonymous Guarantees the immutability of the ledger Irreversible
- 18. organization only to individuals Control Distributed ledgers less computation Ripple
- 21. Public Consortium Private Participants Permissionless •Anonymous •Could be malicious Permissioned •Identified •Trusted Permissioned •Identified •Trusted Consensus Mechanisms Proof of Work, Proof of Stake, etc.. •Large energy consumption •No finality •51% attack Voting or multi-party consensus algorithm •Lighter •Faster •Low energy consumption •Enable finality Voting or multi-party consensus algorithm •Lighter •Faster •Low energy consumption •Enable finality Transaction Approval Freq. Long Bitcoin: 10 min or more Short 100x msec Short 100x msec USP Disruptive Disruptive in the sense of disintermediation. No middle men needed. Unclear what the business models will be. Cost Cutting Can radically reduce transactions costs. Similar to SAP in the 1990s. Extreme cost cutting opportunities. Less data redundancy, higher transactions times, more transparency Cost Cutting Can radically reduce transactions costs. Similar to SAP in the 1990s. Extreme cost cutting opportunities. Less data redundancy, higher transactions times, more transparency
- 23. BaaS Blockchain as a Service
- 24. Ethereum Consortium Blockchain Hyperledger Fabric Single Member Blockchain R3 Single Network EEA Single Member Blockchain Chain Core Developer Edition
- 26. A computer protocal indended to digitally facilitate, verify and enforce the negociaion or performance of a contract
- 27. Trackable, Irreversible, Provide security and trust, Beeing selft-executing and self-enforcing
- 31. Bitcoin 3.3-7t/s Ethereum 10-20t/s Visa 2000t/s
- 32. Bitcoin 3.3-7t/s Ethereum 10-20t/s Visa 2000t/s
- 34. It’s not a blockchain framework!
- 39. • Governing bodies • Collective control • Runs VN and can transact • Can propose changes Members • Cannot vote changes • Cannot add/remove actors • Determined by members • Runs VN and can transact Participans
- 41. Paxos Consensus One VN is leader Transactions are accepted and FW to the VN leader Caesar Consensus Small bits stored in VN Anomalies can be detected Leader can be ejected Paxos Distributed Distributed on multiple nodes Flexible Paxos
- 43. Own and control your Identity
- 45. Privacy by design, built in from the ground up
- 46. Trust is earned by individuals, built by the community
- 47. Apps and services built with the user at the center
Editor's Notes
- #31: https://azure.microsoft.com/en-us/blog/introducing-enterprise-smart-contracts/
- #37: https://azure.microsoft.com/en-us/blog/introducing-enterprise-smart-contracts/
- #38: https://github.com/Azure/azure-blockchain-projects/blob/master/bletchley/EnterpriseSmartContracts.md
- #39: Offers a trusted environment where blockchain solutions can focus on resolving business needs http://www.c-sharpcorner.com/article/introduction-to-coco-framework-by-microsoft-for-blockchain-applications/