Discuss the challenges and advantages of using blockchain technology in event-driven systems.

Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
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Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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Discuss the challenges and advantages of using blockchain technology in event-driven systems.

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Step 1: Introduction

We focus on the complex relationship between block chain technology and event-driven systems. Event-driven systems, engineered to respond to various types of triggers or events, are ubiquitous in contemporary applications, including those in finance and IoT. Blockchain, initially developed for cryptocurrencies, offers a secure and decentralized way to store data. This discussion is most relevant to the subject areas of "Fundamentals of Blockchaining" and "Fundamentals of Distributed Systems".

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