How we are implementing Blockchain unknowingly.
Consider each one of us as a Node of a hybrid blockchain named Society. And any real life event as a transaction record. Each different society is itself a side-chain(consortium) of Main-net(Earth).
A sidechain is a side blockchain that is linked to another blockchain, referred to as the main chain, via a two-way peg.
Alike Side Chains, two different societies are not related to each other and don’t care about each other. If someone’s wedding is in the society, then a node (i.e. individuals) get a transaction record to validate and same event is passed toward other people of the society (i.e. different nodes) get to validate and same data(i.e. Bride or Groom Information) is shared among all nodes. Thus, same ledger is shared among nodes (i.e. individuals).
Directed Acyclic Graph is a directed graph with no directed cycles. That is, it consists of vertices and edges, with each edge directed from one vertex to another, such that following those directions will never form a closed loop.
But, if in case of DAG(Decentralized Acrylic Graph) typed blockchain, data can be validated throughout the side-chains. Consider there is a transaction record simply a life event which needs to be transferred among all available societies (i.e. Donald Trump once became the president.), then with the help of DAG it can be achieved.
If we dig more deeper in our lives we can relate blockchain everywhere, it just takes time.
It’s not just about our lives, if you have the basic knowledge on Node(Blockchain — Block Validator, Ledger Holder), Sidechain, Mainchain, Transaction Record.
This article is just a beginning for my Technical but Real Life philosophical content. Will come with new article soon. See Ya!
