Tag: blockchain

Blockchain Technology There are nodes in a computer network that share a distributed database: a blockchain. It stores information electronically as a database. The blockchain is best known for its crucial role in cryptocurrency systems, such as Bitcoin, for keeping a secure and decentralized record of transactions. Blockchain technology promises fidelity and security to a record of data and generates trust without the need for a third party. The data is structured differently in a blockchain than in a typical database. Blocks, which hold groups of information, are the units that comprise a blockchain. The blocks have a certain storage capacity and, once filled, are closed and linked to the previously filled block, forming a chain of data known as the blockchain. Once a block has be...