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Blockchain Techonology

Blockchain plays a very crucial role in cryptocurrency. Blockchain is a system where a record of the transaction is stored. In this system, the information is recorded in such a way that makes it difficult to hack or change the information. A blockchain system has its own rules and regulation. Each block is linked with the previous block. The decentralized information is controlled by (DLT) Distributed Ledger technology. Block-chain is also included in the type of DLT, where transactions are maintained and recorded in the hash. A blockchain is programmable. All network participants have a copy

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Blockchain Techonology

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  1. Blockchain Techonology Block-chain means when a device plays a part in a larger network. Only one computer can run the blockchain software and maintain the record of the transactions on the network. Public vs. Private blockchains A public blockchain is also known as an open or permission less blockchain, where anybody can join a network freely and establish a node because of their open nature, these blockchains must be secured with cryptography and a consensus system like proof-of-work. A private Blockchain is like a permissioned blockchain, on the other hand, requires each node to be approved before joining. #webdevelopment#blockchaintechnology#smartcontractsdevelopment http://hawkbits.com

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