Let’s know about blockchain technology

 firstly, the blockchain is more important than Bitcoin.
It Will change the shape of financial institutions, industry, trade and all life.
 and The affect block chain does not less important than the internet.
  also, it Distributed around the world on the blockchain and public.

Peekerscitech was talked about benefits of information security and information security basics 

also another topic must read it

Blockchain technology 

 

 Example of Blockchain technology

 The digital record records the emails with currencies you want to send.
 then, It is registered with the general record which has no central.
 In this case, the order will send one time because it recorded on the general record.
And it is impossible to change.
and The general record is called blockchain.
The reason for calling the blockchain:
this is a chain of the block, then there is more information related to each other.
And To change them you must modify each chain.

How to work the blockchain?

 firstly, It records in the block the data and when happened and Fingerprint block is called(hash).
Every block has a unique fingerprint(hash).
 secondly, There is not manipulation in blockchain because any change is going to reach the world.
Don-tapscott said that Digital assets like money, music, anything else and Don’t store in a central location.
Although it is distributed to international accounts, and it is not stored in a central location.
 thirdly, It uses a high standard of Encryption.

When a specific business process is done, it is sent around the world by millions of computers.
There are a group is called the miners
 and they have Powerful capabilities hundreds of times greater than Google.
Every ten minute did a chain block.
The miners are trying to do some complicated problem.
Who does first to solve the problem for verifies of blockchain.
 also, the rewards are the digital currency (Bitcoin).
The Revolution is blockchain technology in the next future.

The Bitcoin:

 finally, A component that expresses the amount of power that is consumed to configure the currency.
Every new market will face risk.
If you want to invest in bitcoin, you have to be warned.
So you don’t lose a lot of your money.

 

REFERENCE :

Wikipedia 

Leave a Reply

Your email address will not be published. Required fields are marked *