What the heck is Blockchain all about?
What the heck is Blockchain all about? Blockchain is a public record database of all the transactions done by the users online using Bitcoin as the mode of payment. It is a public ledger of all the transaction executed on the internet. Each payment that is done is recorded in a form of block which is added to the database of the blockchain. The blockchain has the complete information starting from the address of the user to the balance history and there are millions and millions of blocks in a blockchain. Blockchain is actually a proof against all the transactions and credentials carried out online. It is a technological innovation which uses Bitcoin or similar as it’s unit of currency. This technology have been conceived in 2009 where it actually serves as a public ledger on internet as it can be accessed by everyone. Blockchains uses cryptography and digital signatures to carry out transactions which prove the authenticity of identity and access the users right to use the...