In this post we will tell you about the difference between a node and a smart contract.
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❓ 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗻𝗼𝗱𝗲?
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A node is any computer that is connected to a blockchain #network. Simply put, this is the point at which messages can be created, received, or transmitted. For a bitcoin network, for example, there are full nodes, #supernodes, miner nodes, and an SPV client.
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❓ 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝘀𝗺𝗮𝗿𝘁 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁?
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Smart contracts are #computer data transfer protocols that use mathematical algorithms to automatically complete a transaction after meeting established conditions and complete process control. The #protocol is used to enter all the terms of the contract concluded between the parties to the transaction in the blockchain. Obligations of participants are provided in the smart contract in the form of "if-then" (for example: "if Party A transfers money, then Party B #transfers the rights to the apartment"). Once these conditions are met, the smart contract independently performs the transaction and ensures that the agreement is respected.
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❗️ Thus, the smart contract is the action that takes place, and the #node is the place where this action takes place.
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💡 𝗧𝗵𝗲 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵
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✔️ The distinctive mechanism is as follows: only the hash of one event (#transaction) is recorded in the block, and it cannot be changed. Thus, all kinds of collisions are swept aside. In addition to recording the event hash into the block, when forming a new one, the entire hash of the previous block and + integer value is taken (we put the sequential block number in front of the block). There is a main chain of blocks - Master_Chain, which contains only the hash of a block of lower and side smart contracts.
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✔️ In parallel with the main Master_Chain, various independent chains are formed - these are smart contracts that organize the three-dimensional distribution, for example:
- first smart contract - generation of tokens;
- second smart contract - sale of goods through the store;
- third - a crypto #exchange;
- fourth - delivery of goods, etc.
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✔️ Thus, the organization of chains of smart contracts and the main Master_Chain leads to a four-dimensional model of the organization of distribution of #blocks.
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Read more about Relictum Pro innovative solutions here: https://relictum.pro
🏮 Website: https://relictum.pro/auth/signup
#Blockchain #relictcoin #tech #relictumpro #fintech #Crypto #blockchain5 #technology #techno #relictum #relictumblockchain #DistributedLedgerTechnology #Blockchaintechnology #DLT #blockchainfifthgeneration #relictumcommunity #community
⠀
❓ 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝗻𝗼𝗱𝗲?
⠀
A node is any computer that is connected to a blockchain #network. Simply put, this is the point at which messages can be created, received, or transmitted. For a bitcoin network, for example, there are full nodes, #supernodes, miner nodes, and an SPV client.
⠀
❓ 𝗪𝗵𝗮𝘁 𝗶𝘀 𝗮 𝘀𝗺𝗮𝗿𝘁 𝗰𝗼𝗻𝘁𝗿𝗮𝗰𝘁?
⠀
Smart contracts are #computer data transfer protocols that use mathematical algorithms to automatically complete a transaction after meeting established conditions and complete process control. The #protocol is used to enter all the terms of the contract concluded between the parties to the transaction in the blockchain. Obligations of participants are provided in the smart contract in the form of "if-then" (for example: "if Party A transfers money, then Party B #transfers the rights to the apartment"). Once these conditions are met, the smart contract independently performs the transaction and ensures that the agreement is respected.
⠀
❗️ Thus, the smart contract is the action that takes place, and the #node is the place where this action takes place.
⠀
💡 𝗧𝗵𝗲 𝗥𝗲𝗹𝗶𝗰𝘁𝘂𝗺 𝗣𝗿𝗼 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗮𝗽𝗽𝗿𝗼𝗮𝗰𝗵
⠀
✔️ The distinctive mechanism is as follows: only the hash of one event (#transaction) is recorded in the block, and it cannot be changed. Thus, all kinds of collisions are swept aside. In addition to recording the event hash into the block, when forming a new one, the entire hash of the previous block and + integer value is taken (we put the sequential block number in front of the block). There is a main chain of blocks - Master_Chain, which contains only the hash of a block of lower and side smart contracts.
⠀
✔️ In parallel with the main Master_Chain, various independent chains are formed - these are smart contracts that organize the three-dimensional distribution, for example:
- first smart contract - generation of tokens;
- second smart contract - sale of goods through the store;
- third - a crypto #exchange;
- fourth - delivery of goods, etc.
⠀
✔️ Thus, the organization of chains of smart contracts and the main Master_Chain leads to a four-dimensional model of the organization of distribution of #blocks.
⠀
Read more about Relictum Pro innovative solutions here: https://relictum.pro
🏮 Website: https://relictum.pro/auth/signup
#Blockchain #relictcoin #tech #relictumpro #fintech #Crypto #blockchain5 #technology #techno #relictum #relictumblockchain #DistributedLedgerTechnology #Blockchaintechnology #DLT #blockchainfifthgeneration #relictumcommunity #community
Many modern #blockchain platforms are built using very outdated #cryptographic algorithms that use the elliptic curve #algorithm.
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🔓 This method is very reliable, but if you find a linear discrete logarithm algorithm or select a key using a quantum computer, then the cryptographic strength is reduced to zero.
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⚙️ And if you find a linear algorithm a task that is almost impossible in modern technical realities, then quantum computers can easily cope with this task.
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❓ What solution does Relictum Pro offer?
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💡 Relictum Pro is a supplemented modification of SHA1-based hashing mathematics. The main advantage of it is in converting from 20 bytes to 32 bytes (256 bits). This gives a high crypto-stability, including from a promising quantum #computer. Regardless of the size of the input, SHA-1 always gives a 32-bytes #hash.
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🔹 Suppose that the message sent to you by the user, with standard #encryption algorithms, would take 15 bytes. In this case, it would be very easy to find it, simply by going through all possible solutions on a quantum computer.
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🔐 However, expanding the message to 32 bytes would confuse the encryption search algorithm and, in all possible cases, would return an incorrect value.
⠀
✔️ Thus, Relictum Pro easily tackles the main blockchain problem with the advent of the quantum computer and provides the best cryptographic strength in the #industry.
⠀
📢 Learn more about the Relictum Pro project on our website: https://relictum.pro/
⠀
🔓 This method is very reliable, but if you find a linear discrete logarithm algorithm or select a key using a quantum computer, then the cryptographic strength is reduced to zero.
⠀
⚙️ And if you find a linear algorithm a task that is almost impossible in modern technical realities, then quantum computers can easily cope with this task.
⠀
❓ What solution does Relictum Pro offer?
⠀
💡 Relictum Pro is a supplemented modification of SHA1-based hashing mathematics. The main advantage of it is in converting from 20 bytes to 32 bytes (256 bits). This gives a high crypto-stability, including from a promising quantum #computer. Regardless of the size of the input, SHA-1 always gives a 32-bytes #hash.
⠀
🔹 Suppose that the message sent to you by the user, with standard #encryption algorithms, would take 15 bytes. In this case, it would be very easy to find it, simply by going through all possible solutions on a quantum computer.
⠀
🔐 However, expanding the message to 32 bytes would confuse the encryption search algorithm and, in all possible cases, would return an incorrect value.
⠀
✔️ Thus, Relictum Pro easily tackles the main blockchain problem with the advent of the quantum computer and provides the best cryptographic strength in the #industry.
⠀
📢 Learn more about the Relictum Pro project on our website: https://relictum.pro/
