Blockchain is something that is going to change our lives in the next few years as the internet had changed in the past years. And if I were to ask myself back 2 years ago I would tell that it is some fancy technology that works for Bitcoin or something like that. Well I was not wrong but it was somewhat defining the internet as the technology behind google. First thing first: What is Blockchain? A Blockchain is a chain of 'blocks' that contains 'information'. Each block is unique and is linked to the previous block. It is a decentralized database that stores a registry of assets and transactions across a peer to peer network. In simple words, one can understand blockchain technology as a distributed ledger that is open for anyone. For example, whenever a transaction occurs it gets added as one more block in a chain of already existing transactions. And this added transaction has to be authenticated by everyone(nodes) over that one universal ledger that is prote...
Explore the Geek in You.