What is a Blockchain?

The technology behind the Blockchain essentially is a very simple. Just consider it a record book that everybody can see and nobody can change. This basic thought can totally change the way we will look at security of different processes that we use everyday.

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Consistently we run a great amount of our life on the web, we do manage our bank account on the web, we shop online. You have to consider the blockchain an authentic texture underneath recording everything that happens precisely as it happens. At that point the chain fastens that information into scrambled hinders that can never be changed and dissipates the pieces over an overall system of disseminated PCs or "hubs."

Consider a blockchain as a dispersed database that keeps up a mutual rundown of records. These records are called pieces, and each encoded square of code contains the historical backdrop of each piece that preceded it with timestamped exchange information down to the second. 

A blockchain is comprised of two essential segments: a decentralized system encouraging and confirming exchanges, and the changeless record that system keeps up. Everybody in the system can see this mutual exchange record, yet there is no way records or advanced resources can be hacked or debased.

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