What is Blockchain Technology?
Blockchain Technology The Bitcoin Network is the first successful implementation of Blockchain Technology. The term “Blockchain Technology” is typically refers to the transparent, trust less, publicly accessible ledger that allows us to securely transfer the ownership of units of value using public key encryption, and proof of work methods. This technology uses decentralized consensus to maintain the network, which means it is not centrally controlled by a bank, corporation, or government. The larger the network grows and becomes increasingly decentralized, and the more secure it becomes. The potential for this technology is not limited to bitcoin. As such, it has gained a lot of attentions in a variety of industries including: financial services, charities, and nonprofits, the arts, e-commerce and many other. Blockchain are a new technology. Blockchain Technology enable fully decentralized databases, resistant to censorship and ...