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What is blockchain technology and how does it work? Answer: - Blockchain is a distributed database that maintains a list of records which is block, and each clock contains the history of every block that come before it. This is describing about digital ledger of economic transactions that can be programmed to record not just financial truncations but virtually everything of value. It managing the data structure for organising cash account without a central administrator among people who know nothing about one another. Originally designed for the crypto-currency Bitcoin, the blockchain architecture was driven by a radical rejection of at money and bank controlled payments. The possibility of hacking applications should be major security concern.  Malicious attack  The integration with existing network systems  Cryptographic key materials management  Quality of the network services Blockchain technology The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value. The Web3.0 is technology that assigned in blockchain gives internet users the ability to create value and authenticate digital information.  Smart contracts  Internet of Things  Supply chain auditing  Governance  File storage Working principles Simply put a blockchain is a type of distributed ledger or decentralised database that keeps continuously updated digital digital records. Rather than having a central administrator like traditional database has a network of replicated database, synchronised via internet and over the network. When a digital transaction is carried out, it is grouped together in a cryptographically protected block with other transaction that has occurred in the last 10 minutes and sends out to the entire network then compete to validate the transaction by solving complex coded problems. The validate block of transactions is then time stamped and added to the chain in a linear and chronically order. New blocks of validated transactions are linked to older blocks, making a chain of


blocks that shows every transaction made in the history of that blockchain. The entire chain is continuously updated at any given time. https://blockgeeks.com/guides/what-is-blockchain-technology/ https://medium.com/@micheledaliessi/how-does-the-blockchain-work98c8cd01d2ae https://recro.io/blog/blockchain-kept-fintech-buzzing/?utm_source=quora&utm_medium=anspost&utm_campaign=blog+visit

Blockchain2  

The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions...

Blockchain2  

The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions...

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