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Showing posts from June, 2018

Is Blockchain the new digital era ?

There is nothing more powerful than an idea, whose time has come. What is Blockchain ?  Blockchain is a set of growing records that are bound with one another using cryptographic algorithms. It allows records, called as blocks to be distributed among different system without being copied. Imagine that, you can see all the transactions that are being carried out in your bank. The main ledger, if is seen by thousands of people, would there be any malpractice anymore. The prime idea of blockchain was for Bitcoin, but now the tech community is now finding other potential uses for the technology. What is Bitcoin ? It is the first decentralized digital currency, as the system works without a central bank or single administrator. The system works as a peer-to-peer network, in which transactions take place between users directly, without an intermediary. These transactions are verified by blockchain. Bitcoin was invented by an unknown person or group of people using