All you need to know about Blockchain Technology

Blockchain is a database or a new way of organizing data, but the way it is treated is as different as its decentralized distribution (see decentralized grid patterns in the middle of the 1967 picture when Paul Baran published it to illustrate the Distributed Systems Authority Central systems and decentralized systems).

All you need to know about Blockchain Technology

Many confuse the role of the virtual currency and the blockchain technology that rewards the network verification process by giving them after completing verification tasks in a virtual currency that may be bitcoin or any other virtual currency.

"Blockchain" technology, known as the transaction log in the virtual currency of bitcoin, helps maintain tampering lists in ever-growing data records and allows secure exchange of valuable materials such as funds, stocks or data access rights. Unlike conventional trading systems, there is no need for a broker or central registration system to follow the movement of exchange, but all parties are dealing directly with each other.

Blockchain acts as an electronic transaction log and transaction log system that allows all parties to track information over a secure network that does not require third-party verification.