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Explain PAXOS consensus Algorithm for Private Blockchain.

Key Points: Introduced by Leslie Lamport in 1989. Solves the consensus problem in asynchronous distributed systems. Ensures all nodes agree on a single value despite network issues or node failures. Operates in three phases: Prepare, Promise, and Accept. Three roles:…

Compare different types of blockchain .

Type Description Consensus Mechanism Scalability Security Centralization Examples Public Blockchain Open to anyone Proof of Work (PoW) or Proof of Stake (PoS) Low-Moderate High Decentralized Bitcoin, Ethereum Private Blockchain Restricted access Permission-based Moderate-High Moderate Centralized Enterprise use cases Consortium Blockchain…

MIS Short Notes for exam

Module 03 Ethical Issues and Privacy Ethical issues in Information Systems (IS) revolve around how data is collected, used, and shared. These issues often intersect with privacy concerns, as organizations must balance the need for data with respecting individuals’ rights.…

MIS Short Notes for exam

Module 02 Database Approach The database approach is a method of managing data where data is stored in a structured and organized way, typically using a database management system (DBMS). Key components include: Data Integrity: Ensuring data is accurate and…

MIS Short Notes for exam

Module 01 : Introduction to Information Systems (IS) Information Systems (IS) are integrated sets of components used to collect, store, and process data, providing information, knowledge, and digital products. IS can range from simple systems, like spreadsheets, to complex systems,…

Describe the advantages and limitations of Hadoop

Advantages of Hadoop Scalability: Hadoop is designed to scale linearly, allowing you to easily add more nodes to your cluster as your data grows, without major architectural changes. Cost-Effectiveness: Hadoop runs on commodity hardware, making it a more cost-effective solution…