🔸A tree
The nodes that give birth to other nodes under them is called a "parent node" and its children are simply called "daughter node" or "children nodes". The main stem of the tree is called the "root node".
🔸Family
The family of Mr. Alpha can be represented as a tree where Mr. Alpha has two children - Mr. Charlie and Mr. Romeo and similarly they both have two children.
🔸A hierarchical company structure
🔸An organism classification tree
🔸A Tree Corresponding to the Markup Elements of a Web Page
🔸Folder structure in an Operating system
🔸An XML Tree structure
🔸 Decision-based algorithm used in machine learning
🔸Database indexing
In database indexing, B trees are used to sort data for simplified searching, insertion, and deletion
🔸DNS Servers
Domain Name Servers (DNS) also use tree structures.
🔸Quora comments
Posting questions on quora, the comments are child of questions
🔸Comments on Twitter
The comment to a tweet on Twitter is a child of that tweet and similarly, a reply to your comment is your child of that comment
🔸Routing tables
A routing table is used to link routers in a network. It is usually implemented with a trie data structure.
The tree data structure will store the location of routers based on their IP addresses. Routers with similar addresses are grouped under a single subtree.
🔸Data compression using Huffman coding
This is the end of the thread.
Real-life examples for other data structures coming soon. Be sure to give a follow to @meetjain74
📌Blockchain
Blockchain is a distributed decentralized network that provides immutability, privacy, security, and transparency. There is no central authority present to validate and verify the transactions.
Hence we require some consensus protocol.
📌What does consensus means?
A general agreement that is accepted by all people in a group.
In Blockchain, consensus refers to that all nodes in the network reach a particular agreement about the blocks in the blockchain
🎵Music
Your unique musical artwork can be sold in the form of NFT to anyone. The owner has the right to determine how the composition is used.
🎮Gaming
NFTs have the best use case in the gaming world. Unique characters or avatars or items in the game can be bought and sold using NFTs. Example - purchasing weapons for the game via an NFT marketplace to play in the game.
Most of the apps today run on centralized networks i.e they are controlled by a single authority. For example, social media networks, banks, and streaming services hold all of our data on centralized servers.
When you access any of these apps, a request is sent to the server and you gets a response back. Suppose you entered your credentials details to login into that system as a request and the response comes in form of access to the website or not(in case of invalid credentials).
Defi stands for 'Decentralized finance'. It refers to financial applications built on blockchain technology that enable digital transactions between multiple parties.
Before diving into it further, let us first understand centralized or traditional finance.
📌Example scenario
Suppose a person named Luv has some money and he wants to earn interest on that money. What will he do?
You are right!
He will deposit it in any bank and earn interest on that.
Imagine that you and your friend physically far apart attending a 'Justin Bieber' concert 'virtually' with thousands of fans from across the globe together.
No, I don’t mean being part of an online concert of the like we have all attended in the pandemic times.
I am talking of virtual concerts in the Metaverse, which will be much more immersive than listening to a live video.
How do these events take place?
The event organizers can imagine how the concert would look…they will transport you to a beach, the moon, or some fantasy world.