3 answers
Emmanuel
Student
Miami
1
Question
3 answers
Aisha Taylor
Mortgage Closing Specialist
454
Answers
Detroit, Michigan
Updated
Aisha’s Answer
Hello Emmanuel,
Blockchain technology is a cutting-edge system that functions as a database, facilitating the clear and open sharing of information within a business network. In a blockchain database, data is stored in individual units known as blocks, which are interconnected to form a chain.
Best regards,
Blockchain technology is a cutting-edge system that functions as a database, facilitating the clear and open sharing of information within a business network. In a blockchain database, data is stored in individual units known as blocks, which are interconnected to form a chain.
Best regards,
Kunal Singh
4
Answers
Updated
Kunal’s Answer
Blockchain is a decentralized and distributed digital ledger technology that allows multiple parties to maintain a shared and immutable record of transactions or data in a secure and transparent manner. It was originally introduced as the underlying technology for cryptocurrencies like Bitcoin, but its potential applications extend far beyond that.
In a blockchain, transactions or data are grouped together in blocks, which are then linked together in a chronological and linear chain. Each block contains a unique identifier called a hash, which is generated based on the data within the block and the hash of the previous block. This linking of blocks using cryptographic hashes ensures the integrity and immutability of the data stored in the blockchain.
In a blockchain, transactions or data are grouped together in blocks, which are then linked together in a chronological and linear chain. Each block contains a unique identifier called a hash, which is generated based on the data within the block and the hash of the previous block. This linking of blocks using cryptographic hashes ensures the integrity and immutability of the data stored in the blockchain.
David Beaumont
Technical Support
29
Answers
Westerville, Ohio
Updated
David’s Answer
Blockchain, at its essence, is a distributed, unchangeable, and decentralized ledger composed of a series of blocks, each housing a unique set of data. These blocks are interconnected through advanced cryptographic methods, creating a sequential chain of information.
If you are interested in the Blockchain technology. The Blockchain Council may be a good place to begin.
https://www.blockchain-council.org/blockchain/how-can-a-newbie-start-learning-about-blockchain/
Here's to your successful exploration of the intriguing world of Blockchain technology!
If you are interested in the Blockchain technology. The Blockchain Council may be a good place to begin.
https://www.blockchain-council.org/blockchain/how-can-a-newbie-start-learning-about-blockchain/
Here's to your successful exploration of the intriguing world of Blockchain technology!