What is Blockchain briefly Explained
Cryptocoins are bit confusing but if you understand blockchains, its mean you have done half of your homework. The blockchain is used to do quick, secure and transparent peer-to-peer transfer of digital goods including money and intellectual property. In cryptocoin mining and investing, it's an important topic to talk and understand.
What is Blockchain
The most spoken and misunderstood topics in recent time, everyone what to know about it but unable to understand it or you can say that the information is not clearly explained.
But Today I will explain Blockchain in depth to you
Blockchain has changed the way for the industries to do their daily business. Most people use a reliable middleman such as a bank to make a transaction. But blockchain has changed the way, now consumers and suppliers can connect directly, and remove the trend of the third party.
How does it work?
In the case of Bitcoin, blockchain stores the information of every transaction of the digital currency, and stops the same Bitcoin from being using again.
Let’s tell you this in step by step
1.   A wants to send money to B
2.   The transaction is signified online as a block
3.   The block is transmitted to every party in the network
4.   The members of the network approve the transaction is valid
5.   Now block added to the chain, which provides a permanent and transparent record of transactions
6.   The money moves from A to B
Why is Blockchain so revolutionary?
It can be used in almost every type of transaction involving value, money, goods and property. Its possible uses are almost boundless: from gathering taxes to allowing migrants to send money back to family in countries where banking is difficult.
Blockchain could also help to decrease fraud because every transaction would be noted and spread on a public ledger for anyone to see.
How secure is blockchain?
With advance cryptographic protection, Blockchain offers very secure experience than traditional banking.
The fact that the technology is decentralized, and cannot be change or edit makes it perfect for financial transactions and the storage of important information.
Conclusion
As per all information, the result which I notice is the blockchain is a great technology with secure handling. As cryptocurrency use blockchain method that’s why you don’t need to worry about the leaking of your personal details.
Investing in cryptocurrency is secure. Koban Coin is the new coin in the marketing and I’m personally connected to them they use blockchain method. And this project is about mining gold and they allow an individual to invest in Physical gold.
To know more about Koban Coin Visit:https://kobancoin.org/