Blockchain Course
What Is Blockchain And Its Process
Blockchain
Blockchain Is A Digital leader That Stores Transaction Details. These Records Are Stored in Containers Called Blocks These Blocks Are Linked To each Other And Secured Using cryptography
History Of Blockchain
In 2008 When A person( or Group Of Individuals) called Satoshi Nakamoto Took The World By storm Changing The Life Forever By Introducing Bitcoin. A cryptocurrency That Solved Several Of flat Currency’s Problems Those Are
Accessible By Anyone
Protected Using Cryptography
Decentralized
Ensures User Anonymity
What is Bitcoin:
Bitcoin Is A Digital Currency That Uses Cryptography To Limit How Much Of Exists At A Time It is Also Used To Verify Transfer Of Assets And Secure Financial transitions. bitcoin Uses Blockchain technology
Features Of Blockchain
1)Public Distributed Ledger
2)Hash Encryption
3)Proof Of Work
4)Mining
Nowadays in both industry and academia. As one of the most successful cryptocurrency, Bitcoin has enjoyed a huge success with its capital market reaching 10 billion dollars in 2016 [1]. With a specially designed data storage structure, transactions in Bitcoin network could happen without any third party and the core technology to build Bitcoin is blockchain, which was first proposed in 2008 and implemented in 2009 [2]. Blockchain could be regarded as a public ledger and all committed transactions are stored in a list of blocks. This chain grows as new blocks are appended to it continuously. Asymmetric cryptography and distributed consensus algorithms have been implemented for user security and ledger consistency. The blockchain technology generally has key characteristics of decentralization, persistency, anonymity and auditability. With these traits, blockchain can greatly save the cost and improve the efficiency.s cryptocurrency has become a buzzword
Blockchain Technology Is Having More Uses For Security Purpose