A System Of Recording Information In Such A Way That It Is Absolutely Complex Or Impossible To Cheat, Hack Or Change The System.
It is a distributed database existing on multiple computers at the same time, which constantly grows as. It would be different from the versions in use, web 1.0 and web 2.0. The technology which is at the heart of bitcoin is blockchain technology.
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The blockchain is an immutable (unchangeable, meaning a transaction or file. Since its inception, it has been used as the basis for several cryptocurrencies from around the world, including bitcoin andbitshares. Vision ias is providing monthly current affairs material in hindi and english language, economic survey and other value added material on regular basis to boost preparation level of aspirants.
A Blockchain Is A Type Of Database.
Blockchain technology is an amalgamation of various technologies such as distributed systems, cryptography, etc. Blockchain technology is a technology that leads to a chain of blocks, containing digital information stored in a public database. Blockchain technology was first developed in 2009 by satoshi nakamoto.
Blockchain Is A Sort Of Distributed Ledger Or Decentralized Database That Keeps Records Of Digital Transactions.
You can read about cryptocurrency: It reflects a blockchain protocol’s defenses against malicious actors and network attacks. It refers to a blockchain network’s ability to support high transactional throughput and future growth (capable of accommodating an exponentially growing number of users, transactions, and data).
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It is also called web 3.0. Level strategy on blockchain technology. A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network.