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Author Topic: Blockchain Guide For Beginners  (Read 7411 times)

Offline cryptopapa2346

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Re: Blockchain Guide For Beginners
« Reply #15 on: June 26, 2022, 10:53:51 AM »
Blockchain the underlying technology behind crypto-currencies is a digital ledger that records transactions among various participants via a peer to peer distributed network’. The primary feature setting it apart from other payment systems is that it keeps a permanent public record of all transactions since its inception, verified through a decentralized user consensus system. From an audit perspective, it could be a revolutionary tool
A cryptocurrency, crypto-currency, crypto, or coin is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.
A blockchain network usually consists of specific agents with each
transaction verified by an agreement among the majority of the agents.
Unlike a traditional database, the data on the chain are permanently
stored and cannot be erased once a transaction enters the system. To
maintain a cumulatively added ledger in a blockchain network, cryp-
tography is used to record transactions among the participating agents of
the same network.

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Re: Blockchain Guide For Beginners
« Reply #15 on: June 26, 2022, 10:53:51 AM »

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Offline Benith Steve

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Re: Blockchain Guide For Beginners
« Reply #16 on: March 23, 2023, 11:21:55 AM »
Absolutely! Learning about blockchain is fascinating and I would love to read the guide article you mentioned.  Thank You for the link ;)...

Offline Cherrysix

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Re: Blockchain Guide For Beginners
« Reply #17 on: April 05, 2023, 07:49:20 PM »
More useful information from the commenters than from the author of the post himself, but thanks anyway.

 

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