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Block chain Technology

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What is Blockchain? A Blockchain is a digital ledger of transactions that is secure, immutable, and decentralized. It consists of a chain of blocks and each block contains a secure group of transactions of money, bitcoins, contracts, property, etc. without any need for third-party middle-man such as central authorities, banks, government, etc. Transactions are verified by a network of computers. Once a block of information is created in the chain, it can’t be changed or deleted. This makes the blockchain very secure and trustworthy. It is a software protocol, it never runs without the internet. Why Do We Use Blockchain? There is no need for centralized authorities to verify our transactions. Blockchain makes it decentralized and secure. The security is maintained by cryptographic processes performed by p2p users, through the process called Data mining. Some of its important features are: Secure Transparent Tamper-proof Peer-to-peer transaction Bitcoin is the most popular cryptocurrency...
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Business and Data Analytics

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