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What is a Blockchain Technology? - Working, Uses, Cryptocurrency


 
What is blockchain technology?
Also referred to as Distributed Ledger Technology (DLT), blockchain is a system which helps in recording information. The information is recorded in such a way that it makes it difficult for anyone to hack or cheat the system. The technology makes the system transparent and unchangeable.
The system is basically a digital ledger of transactions that is distributed with the entire network of computer systems and servers on the blockchain. Every block in the chain contains information of transactions made and every new transaction’s information is added to each participant’s ledger. In this way, the database is managed by multiple participants and is decentralised (there is no central agency managing the system). The system uses an immutable cryptographic signature called a hash to record every transaction and helps in linking every new block created to the previous block. ....

Nick Szabo , Stuart Haber , W Scott Stornetta , Block Chain Technology , Ledger Technology , Distributed Ledger Technology , Satoshi Nakamoto , Crypto Currency , Blockchain Transactions , Digital Currencies , நிக் ஶாபொ , ஸ்டூவர்ட் ஹேபர் , டப்ல்யூ ஸ்காட் ஸ்டோர்னெட்டா , தொகுதி சங்கிலி தொழில்நுட்பம் , பேரேடு தொழில்நுட்பம் , விநியோகிக்கப்பட்டது பேரேடு தொழில்நுட்பம் , சதோஷி நகமோடோ , கிரிப்டோ நாணய , ப்ளாக்சைன் பரிவர்த்தனைகள் ,