blockchai

BLOCK-CHAIN TECHNOLOGY.

The world is the world of technology. Everyday a new technology and invention takes place. Another technology is introduce as Blockchain Technology. It is growing list of records and data that names are blocks. These blocks link together using cryptography. But the Question is what is cryptography? Cryptography is the study of techniques to make communication secure where third party is include.

In this technology each block contains a cryptographic hash of the previous block. Blockchain was invent by a group of people (team) in 2008. The reason was to serve public transaction of cryptocurrency bitcoin. These chains are readable by the public and call the payment rail. This technology is broader than finance of the world. It can be apply to any multi step transaction also. blockchain technology

Blockchain Technology is actually a database system that is shared across a network of computers. Once the record enter in it. It is very difficult to remove from the biggest network. That’s why the system is difficult to hack. There are different types of blockchain. 

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