The multiple Ethereum chains: Understand the Bitcoin block chain
In 2009 the world experienced Bitcoin’s start, the first decentralized digital currency. Since then, several other cryptocurrencies have emerged, each of which have their own characteristics and blockchain structure. One of the most remarkable differences between these blockchains is their architecture, especially if they are a single chain or several chains.
Bitcoin: a single chain
The Bitcoin block chain, also known as Bitcoin network, is considered a single chain. This means that all transactions in the Bitcoin network occur within a single continuous block. Each new block contains a clear data combination, including the previous block header, the transaction inputs (data) and the outputs (coins) and a hash function that connects each block with the next.
Ethereum: Several chains
Ethereum, one of the most popular cryptocurrencies, has a more complex architecture than Bitcoin. Ethereum is a decentralized open source platform with which developers can create intelligent contracts and decentralized applications (DAPPS). In addition to its traditional block chain, Ethereum also uses a so -called “condition chain” or a “roller chain”.
A status chain is similar to the Bitcoin block structure, but contains additional information about each transaction. This additional data is used to update the block chain in real time, which enables greater scalability and functionality. The state chain consists of several chains, and each chain represents a different layer of the architecture of Ethereum.
The Rollup chain
The Ethereum roll chain is a key component of your architecture. It is essentially a network of linked blocks that save and update the block chain in real time. Each block in the roller chain contains a clear combination of data, including transactions, expenses and status information. The rolling chain allowed:
- improved scalability : By saving several transactions in each block, Ethereum can process a larger number of transactions per second.
- improved functionality : Rollups enable more complex intelligent contractual interactions such as lottery transactions and multiple chain management.
Comparison: Bitcoin against Ethereum
While both Bitcoin and Ethereum have their own unique architectures, they differ significantly in terms of scalability, security and developer support.
* Bitcoin:
As a single chain, Bitcoin was designed so that they are very scalable and safe. Its architecture is optimized for fast transaction processing.
* Ethereum: With its several chains (status chain and roller chain), Ethereum offers more flexibility and adaptation options. In this way, developers can create more complex applications and intelligent contracts.
Diploma
In summary, the multiple Ethereum chains offer a unique architecture that distinguishes them from Bitcoin. While each block in the block chain is a single transaction or data point, the status chain and the Ethereum battery chain offer better scalability, functionality and developer support. While the panorama of cryptocurrencies is developing, the understanding of these differences for developers, investors and users who want to use Ethereum’s power is of essential importance.
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Note: This article offers an overview of the various blockchains and their architectures, but is not an investment advice or a personal recommendation. Always examine and consult a financial specialist before making investment decisions.