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All You Need To Know About Blockchain Technology
There is a lot of hype around blockchain technology. Never before any back-end technology have got so much popularity. Well, before you start working with it, here is 8 things you must know. These days we are hearing a lot about blockchain and bitcoins, but not all have a clear idea of what it is. Though the technology is not for common people, however on a large it has already started changing the transaction process of various industries. Different researchers have found that the impact of blockchain technology will be huge. What is Blockchain? It is a new form of decentralized database. It is a real-time digital ledger of any information that can be recorded for example spreadsheet, monetary transaction, agreements, physical assets, logistic information etc. It is an open process and everyone in the chain can see the records which are known as a block. Each block is encrypted and only the owner can edit it. When any change happens it gets sync in real-time and everyone can see the alteration in their distributed blockchain.