Blockchain can bring a new revolution in future

HIGHLIGHT

Blockchain can bring a new revolution in future
What is block chain
why is it called blockchain
How does the blockchain work for bitcoin

The record-keeping technology of bitcoin is the blockchain itself.Apart from crypto currency like bitcoin, it also relates to other forms of banking and investing. So it is better that you know about it If You Start It Can Make You A Millionaire

What is block chain

Actually blockchain is a kind of database, so what is this database, database is a collection of information. Which is stored electronically on the computer system, in this database all the information is set in the form of tables. that is used for a specific task

The purpose of blockchain is to allow digital information to be recorded and distributed.But we can't edit it. Blockchain was introduced by Stuart Haber and Scott in 1991, but blockchain was first introduced in 2009 with the launch of bitcoin.

why is it called blockchain

Block chain collects information in groups and this group is also called block.

Each block has a limited storage capacity, so when a block is full, it joins the block that is already full. And just like that it becomes a chain of data, that's why it is called blockchain.

How does blockchain work

This block is the key to such a block in which the information in each block is the cryptographic hash of the previous block.

This hash is generated for every transaction. It is a string of numbers and letters.

A hash is a connection that converts an input of letters and numbers into an encrypted output of a fixed length.If even a small change is made in a transaction, a new hash is created. That is, if anyone tampers with the data of the blockchain, then its saree settings change. And in this way manipulation of records can be detected that's why blockchain is secure

This block chain is spread from hot to computer and every computer has a copy of the block chain. Nodes are cut to these computers and these nodes and these nodes find out whether there is any change in the transaction. If the transaction is approved by most of the nodes, then that transaction is written in the block. These nodes form the infrastructure of the blockchain, they store, spread and preserve the blockchain data. This blockchain upgrades itself every ten minutes