Blockchain Hosting Server
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Blockchains can be applied across numerous industries, including supply chains, manufacturing, and banking. Some of the important features that make blockchain so lucrative for enterprises include:

1. Enhanced Security
2. Greater Transparency
3. Instant Traceability
4. Increased Efficiency and Speed
5. Automation Capacity

A blockchain consists of a combination of three robust technologies:

• Cryptographic keys (security infrastructure)
• A peer-to-peer network containing a shared ledger (software)
• A means of computing to store the transactions and records of the network (hardware)

There are two types of cryptography keys. They are the Private key and Public key. The use of the private and public keys facilitates successful two-party transactions. These two keys are unique to each person and are used to create a secure digital identity reference. The most significant component of blockchain technology is this secured identity. This identity is a “digital signature” in the cryptocurrency community and is used to approve and manage transactions.

Many people who serve as authority use the peer-to-peer network and the digital signature to agree on transactions and other matters. As soon as they approve a transaction, it is mathematically verified to ensure that it is valid, which leads to a successful secured transaction between the two network-connected parties. blockchain users use cryptography keys to conduct various digital exchanges across the peer-to-peer network.

The process of setting up a blockchain network can be fairly complex, but there are a variety of resources to help get you started. The first thing you need to consider before setting up a blockchain is what type of blockchain you will need; private, hybrid, consortium, or public.

Private blockchains are generally used for enterprise solutions while public blockchains are often used for crypto currency trading or validation of a business' public transactions. Hybrid and consortium blockchains are essentially a mix of private and public infrastructure.

See also: What is an Enterprise Blockchain?

Once you've identified what type of blockchain best suits your needs, you will need to decide what software to install on your servers. There are many reputable blockchain technologies out there including Hyperledger Fabric, Corda, Quorum for private blockchain networks, and Bitcoin or Ethereum for public networks.

See also: Quorum vs Hyperledger vs Corda

The final step in setting up your blockchain network is to match a server configuration or server cluster to meet your computing needs. Depending on the scale of your blockchain network and the amount of transactions you will be processing, your processing and storage needs will change. Because your blockchain is storing and processing critical business information, it is important to consider a hosting solution that has high-availability, redundancy, and scalability.

See also: Server clusters hosting

If you'd like to discuss options and ideas with one of our network specialists, contact us today to book a free consultation . We'll get you on track in no time.

ServerMania has data centers around the world to ensure that no matter where you conduct your business, you can select a server that will offer blazing fast speeds.

We know that when you setup a server with us, you need it to be online 24x7, no matter what. That’s why every one of our data centers features redundancy across all power, networking, security, and cooling systems.

Currently we offer top tier network connectivity worldwide, with data centers in locations like New York , Los Angeles , Montreal , Amsterdam , London , and others.

When it comes to blockchains, we'd be reticent to leave out our thoughts on crypto exchanges as this is by far one of the most buzzworthy aspects of the blockchain world. We've put together a list of The 5 Best Cryptocurrency Exchanges for your to consider.

With Bitcoin offering the most stable crypto currency worldwide, we've looked closely at the wallets used to trade and manage this particular currency, however these crypto wallets can also be used to manage your crypto transactions across other networks and currencies. Take a look at our list of the best bitcoin wallets to use .