{"id":541,"date":"2017-10-23T21:43:54","date_gmt":"2017-10-23T21:43:54","guid":{"rendered":"https:\/\/ischoolblogs.sjsu.edu\/blockchains\/?page_id=541"},"modified":"2024-03-04T14:09:46","modified_gmt":"2024-03-04T22:09:46","slug":"abstract-programmable-blockchains-in-context-ethereums-future-by-vinay-gupta","status":"publish","type":"page","link":"https:\/\/ischoolblogs.sjsu.edu\/blockchains\/abstract-programmable-blockchains-in-context-ethereums-future-by-vinay-gupta\/","title":{"rendered":"Abstract: Programmable Blockchains in Context: Ethereum\u2019s Future by Vinay Gupta"},"content":{"rendered":"<p><span style=\"font-size: 18pt;\">\u201c<em>Programmable Blockchains in Context: Ethereum\u2019s Future<\/em>\u201d<em>\u00a0<\/em>by Vinay Gupta<\/span><\/p>\n<p><a href=\"https:\/\/media.consensys.net\/programmable-blockchains-in-context-ethereum-s-future-cd8451eb421e\">https:\/\/media.consensys.net\/programmable-blockchains-in-context-ethereum-s-future-cd8451eb421e<\/a><\/p>\n<p>\nVinay Gupta provides an explanation of the history of the database and how evolving technology in database management has led to the creation of blockchains, Bitcoin and Ethereum. Databases have primarily used the relational model of SQL to store and retrieve data, but the introduction of the Internet and networks have made apparent the bureaucracy involved in creating access to data through traditional models. He identifies three models (pros and cons included) with which people have attempted to solve this problem: the \u201cdiverse peers\u201d model, a hub and spoke model and protocols. Blockchains would be a fourth, which combines the qualities of the hub and spoke and protocols and removes the middle-man \u2014 the trusted third-party which manages the data \u2013 creating a \u201cdistributed consensus.\u201d Bitcoin uses the blockchains to track currency and financial transactions while another model, Ethereum uses the technology to create coding-based \u201csmart contracts,\u201d which can store records, such as home-buyer history or promises to deliver payment in exchange for services.<\/p>\n<p>Tags: Ethereum, Bitcoin, blockchains, non-technical, articles, beginner level<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cProgrammable Blockchains in Context: Ethereum\u2019s Future\u201d\u00a0by Vinay Gupta https:\/\/media.consensys.net\/programmable-blockchains-in-context-ethereum-s-future-cd8451eb421e Vinay Gupta provides an explanation of the history of the database and how evolving technology in database management has led to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-541","page","type-page","status-publish","czr-hentry"],"_links":{"self":[{"href":"https:\/\/ischoolblogs.sjsu.edu\/blockchains\/wp-json\/wp\/v2\/pages\/541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ischoolblogs.sjsu.edu\/blockchains\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ischoolblogs.sjsu.edu\/blockchains\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ischoolblogs.sjsu.edu\/blockchains\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ischoolblogs.sjsu.edu\/blockchains\/wp-json\/wp\/v2\/comments?post=541"}],"version-history":[{"count":3,"href":"https:\/\/ischoolblogs.sjsu.edu\/blockchains\/wp-json\/wp\/v2\/pages\/541\/revisions"}],"predecessor-version":[{"id":55039,"href":"https:\/\/ischoolblogs.sjsu.edu\/blockchains\/wp-json\/wp\/v2\/pages\/541\/revisions\/55039"}],"wp:attachment":[{"href":"https:\/\/ischoolblogs.sjsu.edu\/blockchains\/wp-json\/wp\/v2\/media?parent=541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}