What is Blockchain technology? - Letsdiskuss
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Priya Gupta

Working with holistic nutrition.. | Updated 06 Aug, 2018 |

What is Blockchain technology?

Tim Josh

Digital Marketing Analyst | Posted 20 Jan, 2020

Blockchain is just one of the technology which supports all cryptocurrencies such as bitcoin but the experts can see that it have a large scope in the future then just meets the needs of bitcoin. On further analysis, we found that it can bring enormous changes in the internet networks itself. Consistently, technology has evolved more and a type of blockchain has grown a lot. So, from today, blockchain is widely being used as a distributed ledger technology. This technology has created a chain of blockchain where each of the blocks contains information as well as the data stored together and verified. These blocks are further validated and attached to the string of transactions and information in the previous blocks. Looking for a blockchain development company to keep your information secured? Click the highlighted one.

nerver stop

bussiness | Posted 10 Dec, 2019

A guide to help you understand what a blockchain is and how it can be used… Here are the selling points of blockchain for today's business in the market…. Like most Millennials, Blockchain has seen its fair share of the public. Get more information click links

Age of blockchain marketingBlockchain for marketing

Shailendra Bramhvanshi

Entrepreneur | Posted 06 Dec, 2019

Technically speaking, blockchain is an open, distributed, decentralized, ledger. But it is easier to understand than understanding its complex definition. Blockchain technology is the technology that works behind keeping records of the transaction in bitcoin. For people familiar with bitcoin or cryptocurrency, blockchain is not an alien term. Blockchain is basically the chain of blocks linked using cryptography. Blockchain Programming is the most in-demand course in the technology world these days and Newtum Solutions Private Limited is your one-stop solution for the best Blockchain Technology Course you are looking for over the internet.

Dominic Gopinko

Broker | Posted 19 Aug, 2019

Blockchain is connected with cryptocurrencies like bitcoin and ethereum. This technique gains the attention of investors now-a-days. It is important to know that blockchain is not a part of any cryptocurrencies but it is a separate technology and a secured database. For more information browse cryptocurrency news today and gain more knowledge about it from this feed.

Dazzling Dazzler

Student | Posted 25 Feb, 2019

The blockchain is a system in which records of transactions are made in bitcoin or another cryptocurrency. It is maintained among several computers that are linked together in a well-formed network. This technology is like an internet which has built-in robustness.

The blockchain technology cannot be controlled by a single entity and it has no single point of failure.

Preeti Taneja

Entrepreneur | Posted 07 Jan, 2018

Agreed Rohan. In coming months, the blockchain technology won't only be limited to crypto-currencies, banks but also to government. Don't be astonished if EVM data collated in next elections, use blockchain technology to be more transparent and upright. 

Rohan Chauhan

Financial analyst (Mudra finance company) | Posted 02 Jan, 2018

If you have heard of Bitcoin (which you probably have), you must have also heard of Blockchain Technology. Many people are calling this revolutionary and many top institutions are already employing this technology. But what it really is?

Blockchain is a digital decentralized public ledger where transactions are recorded. The individual transactions – also called blocks – are recorded and added to the ledger in chronological order. There isn’t any central institute that handles the bookkeeping. It is completely independent.

The block or recent transactions are recorded through cryptography. And once it is recorded, it goes to the blockchain as a permanent database, which can never be altered. Each block usually contains a cryptographic hash pointer as a link to previous block. It’s actually what its name says, a chain of blocks.

This whole database – that is continuously growing – is created by a technology known as blockchain technology.

The main reason why blockchain technology came into existence and became so popular is because of the transparency and meddle-proofing in recording transactions it brings. Also, transactions recorded on digital ledger are much cheaper and quicker. This is the biggest reason why many tech companies and organizations in financial sector are taking up this sector.

India’s largest bank SBI (State Bank of India) has already announced that it soon will be using blockchain for smart contracts and KYC. Expect more joining this bandwagon as this technology matures