What Can We Still Learn From The Blockchain:2022
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...