Blockchain

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)

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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.

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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.

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What is miner?

Miner’s are special node that validate all the transaction