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Blockchain: The Complete and Comprehensive Guide to Understanding Blockchain Technologies
Here is the complete, updated, and comprehensive guide to understanding blockchain technologies for beginners!
The blockchain is probably best known as the technology on which cryptocurrencies (such as Bitcoin) are based. But, in fact, a blockchain can serve a far greater variety of purposes. A blockchain is, broadly speaking, a decentralized, permanent ledger of data or assets.
The blockchain traces the transfer or exchange of those assets, and by extension, it traces the transactions between its users. Blockchains can be used to perform all the same transactions that any other system would allow, but the blockchain has the added benefit of being faster, more reliable, more open, more secure, and less costly to administer than typical options. Individuals would once have to manage records of their transactions and interactions manually and build up their own network of trust.
For example, your bank may keep all your debit transactions on file, but may only provide the last few months or years of transactions through their web interface, meaning you either have to continuously download your transaction record, save all your bank statements, or visit the bank to get a detailed record. But in a blockchain, all these records would always be visible to you immediately, reliably, and securely.
Here is what you will find inside the
What is the blockchain History of the blockchain Reasons to use a blockchain The blockchain in detail Potential applications Blockchain projects Blockchain security Future of the blockchain And much more....
The blockchain is probably best known as the technology on which cryptocurrencies (such as Bitcoin) are based. But, in fact, a blockchain can serve a far greater variety of purposes. A blockchain is, broadly speaking, a decentralized, permanent ledger of data or assets.
The blockchain traces the transfer or exchange of those assets, and by extension, it traces the transactions between its users. Blockchains can be used to perform all the same transactions that any other system would allow, but the blockchain has the added benefit of being faster, more reliable, more open, more secure, and less costly to administer than typical options. Individuals would once have to manage records of their transactions and interactions manually and build up their own network of trust.
For example, your bank may keep all your debit transactions on file, but may only provide the last few months or years of transactions through their web interface, meaning you either have to continuously download your transaction record, save all your bank statements, or visit the bank to get a detailed record. But in a blockchain, all these records would always be visible to you immediately, reliably, and securely.
Here is what you will find inside the
What is the blockchain History of the blockchain Reasons to use a blockchain The blockchain in detail Potential applications Blockchain projects Blockchain security Future of the blockchain And much more....
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Published June 6, 2018
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