#blockchain-intro

Blockchain Technology Explained: Introduction, Meaning, and Applications
▻https://hackernoon.com/blockchain-technology-explained-introduction-meaning-and-applications-ed

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Image SourceThe 21st century is all about technology. With the increasing need for modernization in our day-to-day lives, people are open to accepting new technologies. From using a remote for controlling devices to using voice notes for giving commands; modern technology has made space in our regular lives. Technologies like augmented reality and IoT that have gained pace in the past decade and now there’s a new addition to the pack i.e. Blockchain Technology.Blockchain- The revolutionary technology impacting different industries miraculously was introduced in the markets with its very first modern application Bitcoin. Bitcoin is nothing but a form of digital currency (cryptocurrency) which can be used in the place of fiat money for trading. And the underlying technology behind the (...)

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Understanding Blockchains: For Managers And Other Affected Parties
▻https://hackernoon.com/understanding-blockchains-for-managers-and-other-affected-parties-e1cf08

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Courtesy: ForexNewsNowSo you too have heard all the hype. Blockchains will change the world, end poverty and hunger, save democracy, protect orangutans and put an end to global warming. Ok, things like that! Anyways, if you are like most people reading this page, you have heard these too. You might have then tried to understand what this is all about. If you search for it, there are two kinds of pages you can get to:Blockchain for dummies: These tell you that Blockchains will change the world, end poverty and hunger, save democracy, protect orangutans and put an end to global warming…. !!!Blockchain for nerds: Hashing algorithms, leading zeroes, SHA-256, mining pools, incentive systems, SegWit, hard forks, proof of stake…. Eeeeeeeeks!!!!This is where I was stuck, for quite a while. So, (...)

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An extensive introduction to #blockchain in just 2 minutes.
▻https://hackernoon.com/an-extensive-introduction-to-blockchain-in-just-2-minutes-db13ac854826?s

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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 (...)

#blockchain-in-two-minutes #blockchain-intro #blockchain-introduction