blockchain and database
A blockchain can be considered as a database, too, as it is a digital ledger serving the purpose of storing information in structures called blocks. It can use to represent financial ledger entry, a record, or even a transaction. This system ensures digital authentication without tampering any personal information. The operations which take place are also of high integrity.
A blockchain is a database because it is a digital ledger that stores information in data structures called blocks. A database likewise stores information in data structures called tables. However, while a blockchain is a database, a database is not a blockchain. Don't use plagiarised sources.Get your custom essay just from $11/page
The Yuandian Legal Intelligence News reported shocking news on the 27th of December.
As per the reports, the number of cases obtained on searching blockchain-related crimes in the “Yuandian Think Tank” accounted for a total of 321.
The Think Tanks serve the purpose of shaping various policy agendas. It also helps in introducing innovative changes in the policy and mobilize expertise. Think Tanks help in building networks and communities. These give a hand in spreading ideas and catalyzing the action.
The provinces of Heilongjiang, Anhui, Henan, and Heibai accounted for more than 50% of these cases. This is the most significant proportion in 2018 and 2019 and consisted of theft of electric power.
These blockchain crimes are of the following types: First comes the offenses related to the actual carrier of blockchain applications. These crimes can refer to theft of tokens or electricity. The next in line is the use of the heat of blockchain. This indicates the use of tokens as a payment method or transferring of funding channels. The third is, using bitcoins to sell drugs. Fourth accounts for the crime against that blockchain product or technology itself. This also includes illegal hacking into a computer Theft of Bitcoin. Fifth are crimes caused by blockchain products or technologies as an inducement.
This also provides a series of unlawful detentions due to bitcoin disputes, misappropriation of public funds, and various other crimes.
According to judgment from the judicial case, the crimes which occur related to blockchain have various characteristics. Some of these characters are involvement of natively digital assets at the upper level, the number of stakeholder crimes has also seen a rise, and mostly the crime means are hidden.