A blockchain,originally block chain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is resistant to modification of the data. It is "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way"
Blockchain formation. The main chain (black) consists of the longest series of blocks from the genesis block (green) to the current block. Orphan blocks (purple) exist outside of the main chain.
Blockchain was invented by Satoshi Nakamoto in 2008 to serve as the public transaction ledger of the cryptocurrency bitcoin.
The invention of the blockchain for bitcoin made it the first digital currency to solve the double-spending problem without the need of a trusted authority or central server. The bitcoin design has inspired other applications.
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A COMPLETE SOLUTION ::: FUTURE OF WORLD
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I really don't know about block chain , crypto it's always confuse me alot.
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Then which way you get money from Steemit
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Actually its very complicate but just stick to it you will grow with time.
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@guru157 is indian govt regulating transaction through blockchain...
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Blockchain is bigger picture . its not just crypto but it solved many security problems. One day indian government understands that.
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@guru157 Good blog and informative one. Keep posting!
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Blockchain smart contract resolves a lot of problems in every sector(corruption) specially financial sector
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no doubt blockchain is new technology and it can help in various ways to advance ourselves.
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@guru157 blockchain is future. It will make close down all banks in future.
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Its a future of the world this technology will rule on world
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Very useful article
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i did't know about the block chain.. i listened from many people about block chain that it is a chain of blocks etc. but didn't get what it is in actual?
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Nice information!!! Keep sharing
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Good information and explained in simple language. Good job.
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Nice information!!! Keep sharing
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Nice Post!
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