BLOCKCHAIN
Blockchain is a very amazing technology. It has some special features that make it so amazing. As per features, we say that “Blockchain” is tamper-proof and even very difficult to hack. This technology has been around us for a long time but it became famous due to the price of bitcoin and lots of people knew it in 2019 when "cryptocurrency" became famous.
HISTORY: The first "Blockchain" was conceptualized by a person known as Satoshi Nakamoto in 2008 for the use of “Bitcoin”. we discuss this powerful topic later on.
DEFINITION: You think that what is "Blockchain". That is so easy, "Blockchain" is a chain of blocks like a train. It has separate blocks and they are connected to each other by a logical chain and when one connection of the block broke then its subsequent blocks connection will be lost. Like in a train when one compartment is separated then its subsequent compartments are also separated from the rest of the train. In “Blockchain” the blocks are connected to each other that's why when a hacker tries to tamper the data in the block then all subsequent blocks connections are lost then it is not stored in the "Blockchain" and in this way this is tamper-proof and the data remains safe.
"Blockchain" stores the data in the blocks. But its mechanism is a little hard and very difficult to hack.
USAGE: These days The Election Commission of India develops "Blockchain" for the voting system. Even we can use the “Blockchain” in many fields like government, transportation and many other fields
0 comments:
Post a Comment