Photos provided by Upsplash What You Should Know About Blockchain|Why Is This Important The rise of cryptocurrency is what seems to be what is one of the most talked about subject in the media today. Acronyms like NFTs, ADA, BNC, BNB, and EHT are all the rage on the social media platforms. The world of digital currency and digital imaging(NFTs)also known as non-fungible tokens as investment vehicles have never garnished so much attention in such a short time. Governments such as Argentina,Venezuela, and some in Africa are becoming major players in this new industry of computer financial applications. While the adoption of decentralized (DeFi)finance and blockchain technology is not new to the followers of the nouveau crypto mavericks its has the world wondering if this is the ...
The Other Perspectives of The Blockchain A blockchain is a database that is shared across a network of computers. Blockchains are commonly associated with the underpinning of cyber-currencies like bitcoin, but in reality, a blockchain can be useful for any type of processed internet transaction. The blockchain concept was first introduced by Stuart Haber and W. Scott Stornetta in 1991 as a cryptographically secured chain of blocks – in other words, a chain or blocks that are linked and cryptographically secured. The blocks in a Blockchain consists of three elements: A hash pointer to the previous block A timestamp Transaction data Images Provided By Goolge As cryptographically secured blocks, blockchains are very secure and difficult to modify. Benefits of blockchain technology include increased digital processing power, a hedge against surging cybercrimes and as a secure architecture against the backdrop of the rise of bitcoin and cryptocurre...
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