Altcoins Talks - Cryptocurrency Forum
Further Discussions => Blockchain Technology => Topic started by: Munareal on March 16, 2018, 10:53:04 AM
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A lot of people do not understand the blockchain technology . What is your own understanding of it.
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The blockchain is a collective of information that are stored in a multiple blockchain wallet that are called ledger that is the reason you have a specific wallet address for each coin or token you have an account on. You use it to check it on a blockchain explorer and every account user can see the information on the block explorer that is why it is also called an incorruptible data.
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The blockchain is a collective of information that are stored in a multiple blockchain wallet that are called ledger that is the reason you have a specific wallet address for each coin or token you have an account on. You use it to check it on a blockchain explorer and every account user can see the information on the block explorer that is why it is also called an incorruptible data.
Thanks for the information. I want to learn about blockchain is there a reliable site on how to quickly learn about blockchain?
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A lot of people do not understand the blockchain technology . What is your own understanding of it.
The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending problem without the need of a trusted authority or central server. The bitcoin design has been the inspiration for other applications. It is also called our ledger online transaction.
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This is a database with all information on the transactions. Data will be stored in blocks connected together in a chain. Any confirmed transaction with a crypto currency has its own digital signature, which is permanently stored in the blockchain.
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Blockchain technology is basically a 'digital transcript' created to avoid fraud, while at the same time allowing access to third parties as needed.
Technology that is still very young this is not yet applied in all areas and various experiments seputarnya continue to be done by many companies.
But I believe in the future, blockchain technology will change the way the system works thoroughly, in finance as well as across industry sectors.
This system is believed to be effective in encouraging the realization of transparency, security and accuracy of transaction data