An extensive introduction to #blockchain in just 2 minutes.
▻https://hackernoon.com/an-extensive-introduction-to-blockchain-in-just-2-minutes-db13ac854826?s
Photo by Saffu on UnsplashWhat is blockchain?Blocks are based on Merkle tree data structure (hash trees), with a large number of distributed nodes collaborating to form a chain. Block-chain combined forms a distributed ledger technology which promises transparency and low-cost transactions rates. Blockchain technology enables transactions to cost way lesser than generic bank wires, with cheaper transaction costs it also makes sure no one party can erase or modify data stored on the ledger.Blockchain has been all over the news since past two years for one of its greatest implementation, bitcoin, surpassing market capitalization of VISA overnight. But, Bitcoin is just a basic application of Blockchain, virtually, Blockchain has the means to redefine today’s #internet.Who is behind (...)
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