UNDERSTANDING BLOCKCHAIN
"What if all the transactions you made were recorded in such a way that they are tamper proof and completely transparent? Enter the world of blockchain, where trust is built into the technology." What is Blockchain Technology? A blockchain is a special type of database that stores Data/Information in chains of blocks. This database is Decentralized and modifying of data in blocks is near to impossible which makes blockchain more trustworthy than normal databases. Blockchain Technology came in early 1990's but its real implementation is in 2009 when some anonymous user name SATOSHI NAKAMOTO made Bitcoin with the help of Blockchain from then on the their is a boom of Cryptocurrency in the world. In simple terms it is a type of ledger used in shops to note down various sales and purchase but it's data is stored in many blocks. Why we need Decentralized and Non-Modifiable Database? As we all know that there many under the table transaction in terms of cash which we ...