|Join Nairaland / LOGIN! / Trending / Recent / New|
Stats: 2,281,727 members, 5,002,741 topics. Date: Wednesday, 26 June 2019 at 05:09 PM
Leaf Aeroplane: Say Hi If You Did It, Indomie Generation Won't Understand "Lol" / How Can I Understand The Goal Of HIPAA Training? / The Internet Is Changing Africa Is Still Behind: The Blockchain Technology. (2) (3) (4)
|How To Understand The Blockchain Technology Better by keethnair: 4:34am On Apr 19|
Every node in the network shares a copy of ledger and it needs a lot of space. Similarly, with the above scenario, this value will pile up to a big number. The computational power, the electricity, the storage, etc. everything does matter. These together causes huge “scalability issues”, and it’s not easy to solve!
Wikipedia link about blockchain here: https://en.wikipedia.org/wiki/Blockchain
Some of the best podcast about blockchain technology can be found here: https://www.listennotes.com/podcasts/epixel-mlm-software/understanding-the-blockchain-cVEsATz1xHX/
Hope you’ve understood about this blockchain technology in depth using this article.
Highlights of this article:
How does blockchain technology work?
How does Bitcoins transaction work?
What is a ledger system?
How does verification process work in blockchain?
Difference between blockchain and Bitcoin
The scalability issues of the blockchain system
In our future articles, we’ll be discussing in depth about the scalability issues, various applications of the blockchain system, startup ideas, and much more.
This is highly related to cryptography: https://en.wikipedia.org/wiki/Cryptography
As blockchain technology is an excellent way to make your business strong, and easy, it's time to adopt this technology before it's too late. Blockchain development as a service is highly secure and is now progressing in the real world applications.
|Re: How To Understand The Blockchain Technology Better by dianadsouza: 1:35pm On Jun 06|
Well!! nice information. On the other hand, I have found one of the best guide of how does bitcoin work which is covered by popular crypto website coinpedia as they have mentioned really well even beginners can understand very easily.
|Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health |
religion celebs tv-movies music-radio literature webmasters programming techmarket
Nairaland - Copyright © 2005 - 2019 Oluwaseun Osewa. All rights reserved. See How To Advertise. 39