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:
  1. It is an open-source.
  2. The decentralization process makes more accessibility with less attack to data forge.
  3. Easy data manipulation,(ie., storage and retrieval process of data).
Blockchain -Bitcoin :

 Bitcoin or cryptocurrency is a digital currency used for an online trading process. Anyone can mine his/her bitcoin. But, the bitcoin can be used for trading or exchange process only after getting a legal authority and registration from Blockchain.

Why Blockchain Technology:
  1. Blockchain technology is that it can be accessed by thousands of people at the same time.
  2. As it is a decentralized system it is impossible for hackers to hack.
  3. This Blockchain Technology is Immutable.
  4. The connected nodes can see updates in the block, but cannot be altered or change any information unless they get approval from the other connected nodes.
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Why Bitdeal:

 We, bitdeal - a Blockchain development company being a monopoly in southern Asian and creating a brand reputation by providing Blockchain as a service. If you are want to leverage Blockchain technology for the betterment of your business or industry growth, try to get connect with us, and utilize our expertise in Blockchain base. Explore our Enterprise Blockchain Solutions here.

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