1. Blockchain
- BY VIKAS SINGH 26 DEC, 2016.

2. Let’s understand the legacy financial system

3. What it is ?
 It is a database, but not the usual rdbms one.
 It contains linked-list of block of 1MB( bitcoin specific )
 This each block contains a list of hashes.
 These hashes are txns.
 All these txns are having a from and a to part & other txn related part as
well.

4. The underlying action

5. Txn flow in Blockchain

6. Txn order

7. It’s highly secure. How?

8. Why not?
 Within a private blockchain there is also no ‘race’; there's no incentive to
use more power or discover blocks faster than competitors. This means
that many in-house blockchain solutions will be nothing more than
cumbersome databases.
 There is also no need for a ‘51 percent’ attack on a private blockchain, as
the private blockchain (most likely) already controls 100 percent of all
block creation resources. If you could attack or damage the blockchain
creation tools on a private corporate server, you could effectively control
100 percent of their network and alter transactions however you wished.

9. industry movement

10. The paradox…

11.  Thank You.
 Let’s Brainstorm it ! Queries please…