Blockchain
is a future of money transaction, as name suggest this is chaining of all
transaction, if anything will block any transaction whole chain will be
interrupted. Each an everyone in the cycle will aware the fault.
What is
Blockchain Technology?
“The blockchain is an incorruptible digital ledger of economic
transactions that can be programmed to record not just financial transactions
but virtually everything of value.”
Don & Alex Tapscott, authors Blockchain Revolution (2016)
Don & Alex Tapscott, authors Blockchain Revolution (2016)
Concept
of Open ledger: -
In
block chain there will be an open ledger, anyone can see this ledger, and all
the entries will be there in this ledger book.
Concept
of Distributed ledger: -
Distributed
ledger will be shared across all the nodes in the cycle. All the entries will
be updated in this distributed ledger book.
What
is miner?
Miner’s
are special node that validate all the transaction
