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A brief description of Blockchain technology August 17, 2021 You may know the word “blockchain,” the record-keeping technology behind the Bitcoin network, whether you’ve been
following finance, trading, or currency crypto over the last ten years.
What is Blockchain, and how it works? While it may appear to be complicated, and it can be, its core concept is relatively easy. A blockchain is a type of digital ledger, also called a distributed ledger technology. To comprehend blockchain, it is essential first to comprehend what a database is. “Database” refers to a collection of data saved electronically on a computer or other digital device. In order to make searching and filtering for specific information easier, database information, or data, is frequently structured in a table-like format. Where do spreadsheets and databases vary when it comes to data storage? In a spreadsheet, a single person or a small group of individuals can store and retrieve limited amounts of data. Another advantage of databases is that they allow multiple users access, filtering, and manipulation of large amounts of data at the same time. To do this, large databases use powerful computers to store information on servers. To provide the computing power and storage space necessary for multiple users to access the database simultaneously, these servers may often be constructed using hundreds or thousands of computers. Although anyone can access a spreadsheet or database, it is often owned by a company and maintained by a designated person who has complete control over its functions and the data it contains.
Key differences between a database and a blockchain A regular database and a blockchain have quite different data structures. Blockchain is a digital ledger of transactions that organizes data into blocks, each of which contains a data collection of some sort. “Blockchain” refers to a data chain created by chaining together blocks that have a certain amount of storage capacity. Once a new block is added, all new data and information are added to the chain until the chain is full. Unlike a database, a blockchain organizes information into connected blocks. But not all blockchains are databases. When Diese Website verwendet Cookies von Google, um Dienste anzubieten und Zugriffe zu analysieren. Deine IPapplied in a decentralized manner,mit thisMesswerten system creates anLeistung irreversible timeline.für When a block is filled, it becomes Adresse und dein User-Agent werden zusammen zur unddata Sicherheit Google WEITERE INFORMATIONEN permanent and part of the timeline. When a block is attachederkannt to the chain, it is assigned timestamp. freigegeben. So können Nutzungsstatistiken generiert, Missbrauchsfälle und behoben undan dieexact Qualität des Dienstes gewährleistet werden.
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