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blockchain

Understanding Blockchain Technology: 3. Characteristics of a blockchain

1. Data is always available as long as any of the nodes are online since the full copy of the data is stored on all the full nodes causing minimal disruption 2. Data is highly secure and immutable because the data is encrypted with strong cryptographic algorithms 3. Location of
Sep 23, 2017 1 min read
blockchain

Understanding Blockchain Technology: 2. Why was blockchain created?

Why was blockchain created? What is blockchain trying to achieve? As previous breakthroughs filled significant gaps to free civilisations from manipulations and dictatorships such as knowledge, power and distance, blockchain is going to increase the value of trust in data, as the history of that data will be proved and
Sep 23, 2017
blockchain

Understanding Blockchain Technology: 1. What is Blockchain?

A blockchain is a decentralised network of peer to peer nodes that replicate a digital transaction ledger and is made up of blocks of securely encrypted data which are chained together and dependent on each other. This means that there are several exact copies of the same data stored in
Sep 23, 2017 1 min read
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