Step by Step Guide to Blockchain Technology.
On the way of Bitcoin to the digital world in 2008, there came a technology that introduced a digital ledger for storing the bitcoins and its transaction Which is named Blockchain. Bitcoin, the most notable cryptocurrency, mostly used for trading purposes. Thus bitcoin implements blockchain technology for its high data storage. What is Blockchain: Literally, as its name suggests blockchain contains blocks of information connected to the chains(public database). In General, Blockchain is a public ledger or a distributed database of all bitcoin transactions. It is an open-source technology and anyone can access the details at any time. The unique feature of blockchain technology is that digital transactions and information are immutable. As it is a distributed ledger, there will be no control or central authority of records stored. Benefits of Blockchain: It is an open-source. The decentralization process makes more accessibility with less attack to data forge. Easy