What is Blockchain Technology?

"For the first time the practical result [... is ...], the unique part of the digital property for an Internet user is a way to transfer another Internet user, such transfer is guaranteed to be safe and secure. Goes, everyone knows that the transfer has taken place, and no one can challenge the legitimacy of the transition. It is difficult to break the result. "

Mark Anderson

With a great height, one can not seem to be quite different from what you know, Wikipedia says.

With blocks, many people can write insights into the information of the records, and a consumer community can be controlled to record how to edit and update. Similarly, Wikipedia Entries are not a single publisher product. No one controls the information.

However, the emphasis on block technology technology becomes more pronounced on the ground level. While both distributed networks (Internet) run, Wikipedia is built into a World Wide Web (WW) using a client server network model.

The user (client) is able to change the Wikipedia entries stored on the main server with the associated permission associated with this user.

Whenever a user access a Wikipedia page, he will find the latest version of the 'Copy Copy' of the Wikipedia entry. Database control is still there that allows access and permissions of Wikipedia's administrators to maintain from a central authority.

Wikipedia's Digital Rebone is very secure and central databases that keep governments or banks or insurance companies today. The main database controls are with their owners, including updates, access and protection management against cyber threats.

The distributed database created by blockchin technology is basically different digital reboons. This is the most special and important feature of blockchain technology.

Wikipedia 'Master Copy' is edited on the server and all users see the new version. In the case of a blingen, every node in the network is coming to the result, it is independently updating each record, as well as becoming a master copy to become the most popular record.

Transmissions are broadcasting, and every node is preparing their updated versions of events

The difference is that blocks technology is very useful - it represents innovation in informational registration and distribution that eliminates the need for a reliable party to facilitate the data.

Nevertheless, Blachen technology is not a new technology for its own capabilities.

Rather, this is a combination of proven technologies implemented in a new way. It was a specialty for three technologies (a Internet, private keyptitography and a proprietary administration protocol), which made Bactrian Creator Sato Nakotto's idea so useful.

The result is a system for digital interaction that is not a trusted third party. The work of maintaining digital relationships is clear - blocks technology is provided by the artificial, simple, yet strong network architecture.

Defining digital trust

Trust is a threat to different parties and in the digital world, determining the identity of trust often determines the identity (certification) and reduces the permission (exemption).

Keep it easy, we want to know, 'do you say who you are?' And 'Can you be able to do what you want to do?'

In the case of bleach technology, private key cryptography provides a powerful proprietary device that meets the verification requirements. Owning a private key is owned. Even a person has to get more personal information, because he will need to exchange, he is being left in front of hackers.

Verification is not enough. Permission - To broadcast enough money, valid transaction type, etc. - A split as a standpoint requires peer-to-peer networks. Distributed networks reduce the risk of central corruption or failure.

This distributed network should also be required for keeping transaction network records and security. The option of transaction is the result of the entire network whose rules have been implemented (blocks protocol).

Allows such communication to communicate in digital world without the authentication and consent (expensive). Today, businesses around the world have brought the impact of this growth - identifiable, new and powerful digital relations are possible. Blockchain technology is often described as the rebon for a transaction layer for the internet, the internet base of price.

In fact, crptatographographic keys and joint-minded ideas are wild-moving concepts to encourage users to promote and promote digital relationships. The governments are trying to make banks transit the transaction layer of each of the companies.

Authentic and authoritative for digital transactions, as a result of blockchain technology configuration.