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What is Blockchain and how does Blockchain Technology work?

What is Blockchain and how does Blockchain Technology work

What is Blockchain? How Blockchain Works | What are the features of Blockchain technology? How does a block chain work | Blockchain Login Kaise Kare.

Friends, today we will tell you about Blockchain , what is Blockchain and how it works. You must have known about crypto currency that it has a basic unit in crypto currency, bitcoin and now many coins have come in the market, which is directly related to crypto currency. Cryptocurrency works inside Blockchain Blockchain is the complete system under which Cryptocurrency works and Bitcoin works inside Cryptocurrency Blockchain works to determine all this and we will tell you that in the years to come. What will be the impact in our daily life, then we will first tell you what is Blockchain and how it works.

Table of Contents

What is Blockchain?

As its name suggests Blockchain means it is a chain of blocks, it is called a group or group of blocks and all the blocks are connected to each other through cryptography. Each block holds a hash that serves to link the block with data and time details. This serves to control a growing database of increasingly large databases. Japan’s Satoshi Nakamoto invented the blockchain in 2008. This chain can be used as bitcoin. Bitcoin is a unit of blockchain, it is called crypto currency, as it is the currency of a country, in the same way, crypto currency is a private currency that works under the blockchain .

What is Blockchain and how does Blockchain Technology work

How does Blockchain work?

  • Blockchain means to set up a chain or chain from block to block. One block is related to another block with many data
  • The group of these small blocks is called Blockchain , by which a very large chain is formed which is created by cryptography and allows it to be encrypted.
  • Each block has a unique structure consisting of its metadata and all its transaction details which are stored for further exchange.
  • Its meta data is stored in blocks and each header carries a hash function which is on every other block along with the signal to form the chain. The main line that makes up the chain is called the main block chain.
  • In Blockchain the heading function of the block is the function of selecting the block by which a blockchain is formed.
What is Blockchain and how does Blockchain Technology work

How secure is blockchain?

This is a type of technology which is absolutely coins and coins. This is an unhackable technology. To do any translation in this technology, all the notes of the network have to be aggregated. Only then does the transaction happen. This task cannot be done for a single entity. If someone wants to do so he has to hack only one system or not he has to hack the whole network so hacking is not that easy.

What are the technologies behind Blockchain technology?

Some technology is involved behind this technology, which is something like this

  • Privacy key cryptography
  • P2p network
  • Program

Features of Blockchain Technique

  • Many Internet experts believe that blockchain can bring about a huge change in the working process of industrial sectors.
  • Industrial operations can be made secure and transparent with the help of blockchain.
  • Any person can easily operate its virtual transactions on their computer.
  • Each block is protected by encryption because these blocks are connected to each other electronically.
  • This technique is considered to be more secure because it is very difficult to hack.
  • This technology can be used to prevent cybercrime.
  • In this, a clear ledger is prepared regarding the transactions.
  • Anyone can use bitcoin without any government interruption, this currency is not under any government.
What is Blockchain and how does Blockchain Technology work
What is Blockchain and how does Blockchain Technology work

In what areas can Blockchain be used?

Cryptocurrency is used in this, but apart from this, there are many areas in which Blockchain can be used.

  • Blockchain can also be used in information technology and data management which will be completely secure.
  • With Blockchain technology, you can save your important legal documents.
  • This technology can also be used in the field of Internet Banking and Insurance.
  • This technology can be used to prevent cybercrime.
  • Cloud storage can also be done through blockchain technology.
  • E-governance can also be kept safe through this technology.
  • You can also include your smart contract in it which will be a secure methodology.
  • Many governments can also conduct e-voting through blockchain technology, which can be a secure, opaque method.

So friends if everything information about blockchain now in near future you can use it which is a secure and transparent technology.

What is Blockchain and how does Blockchain Technology work?

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