Blockchain Technology Explained
What the Email is on the internet, is what Bitcoin is on Blockchain. Simply a Blockchain application. blockchain powers the next generation of the internet Blockchain was first used to power bitcoin in 2008, it's a distributed ledger technology. It's a decentralized digital registry. A distributed secure database. In order to make an entry on the Blockchain database, all the computers have to agree about its state so that no one computer, can make an alteration without the consensus of the others. Once completed a block is added on the Blockchain, it can't be deleted, each has a harsh code (unique identifier of a block, which has a particular set of data) It works to make a secure database. Blockchain as a distributed ledger is a consensus of replicated, shared, and synchronized list of data, graphically dispersed across multiple sites, countries or institutions without a centralized administration or data storage. Any sense of registry can be recorded ie, inventory, tran...