Last year was when most of the non-nerdy world woke up to Crypto-Currency and Blockchain. For the most part this was thanks to the fact that Bitcoin was on a tear and was doubling in value every few weeks! Blockchain is the fundamental technology which makes crypto-currencies possible. Blockchain essentially stores all data in the form of blocks. These blocks are connected in the form of a chain. These blockchains are further stored on every computer on the network. This makes it near impossible to fake a transaction. The primary reason for this being that the fake transaction would have to be entered into every system on the network! These are called distributed ledgers.
Blockchain Evolution
Blockchain Evolution
Blockchain Evolution
Last year was when most of the non-nerdy world woke up to Crypto-Currency and Blockchain. For the most part this was thanks to the fact that Bitcoin was on a tear and was doubling in value every few weeks! Blockchain is the fundamental technology which makes crypto-currencies possible. Blockchain essentially stores all data in the form of blocks. These blocks are connected in the form of a chain. These blockchains are further stored on every computer on the network. This makes it near impossible to fake a transaction. The primary reason for this being that the fake transaction would have to be entered into every system on the network! These are called distributed ledgers.