Blockchain -The Technology of Crypto Currencies

摘要

Blockchain is another approach to store and record exchanges. It is particularly similar to a conventional database but the blocks are connected together cryptographically with a specific end goal to ensure that they are sealed. Blockchain technology was developed in 2008 to make digital money. The essential case that individuals know about is most likely a BITCOIN. Individuals use it as a digital money, however individuals have begun to use it more for things like their previous testament, endorsement and declare that the valuable stone is not a blood jewel, rather anyhow not to share information. Since, there is no regulatory framework in transactions between two or more parties but there is a backend activity (government) which make sure of all the transactions made by a person or a buyer who owns large number of cryptocurrencies