Blockchain Technology
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| Credit: Inc.Magazine |
A blockchain is a system that shares information with all parties that access it via an application. A blockchain is a distributed, immutable, and decentralized ledger at its core consisting of a block of blocks containing a set of data. The first decentralized blockchain was invented by Satoshi Nakamoto in 2008
There are 4 different types of blockchain technology.
1. Public Blockchains
2. Private Blockchains
3. Hybrid Blockchains
4. And Consortium Blockchains
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| Credit: VISIOTT |
There are some blockchain key features.
1. Immutability
2. Decentralized
3. Enhanced Security
4. Distributed Ledgers
5. Consensus Algorithms and etc.,
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