Tag: Blockchain

A Blockchain is an Unending list of records stored in small units known as Blocks that are interlined and cryptographically secured. Every blocks in the blockchain contains a cryptographic hash (Timestamp and Transaction data) of the previous block. Data which are stored on the blockchain can be viewed everybody on the network but cannot be altered by anybody viewing it which makes blockchain the most secured and transparent means of data driven transactions. Blockchain is among the first protocols of Peer-to-Peer distributed ledger technologies whose members adhere to one protocol for internode communication. Bitcoin Founder Satoshi Nakamoto is the known inventor of Blockchain technology after he deployed it as a public ledger system for Bitcoin in 2008.