Blockchain circle

One stop hot information platform

About us:

Blockchain circle provides the latest information about blockchain, digital currency, digital wallet, exchange, metauniverse, bitcoin, Ethereum, contract, financial management and so on, and always pays attention to the latest market...

Blockchain: what is a blockchain

Time : 16/08/2021 Author : 3khqd6 Click : + -
        Blockchain technology supports a specific group of participants to share data. It can collect and share transaction data from multiple sources, subdivide data into shared blocks linked together by unique identifiers in the form of encrypted hashes, and ensure data integrity, eliminate data duplication, and improve data security through a single information source. In the blockchain system, data cannot be changed without the permission of the quorum. This feature helps prevent fraud and data tampering. In other words, the blockchain ledger can be shared, but cannot be changed. If one party tries to change the data, all participants in the blockchain will receive an alarm to know which party is trying to change the data.
 
        The blockchain is a shared and non tamperable ledger designed to facilitate transaction records and asset tracking processes in the business network. Assets can be tangible (such as houses, cars, cash and land) or intangible (such as intellectual property, patents, copyrights and brands). Almost anything of value can be tracked and traded on the blockchain network, thus reducing the risks and costs in all aspects. Blockchain technology is an advanced database mechanism that allows transparent sharing of information in enterprise networks. The blockchain database stores data in blocks, and the databases are linked together in a chain. The data is consistent in time, because you cannot delete or modify the chain without network consensus.
 
        Therefore, you can use blockchain technology to create an unalterable ledger to track orders, payments, accounts and other transactions. The built-in mechanism of the system can prevent unauthorized transaction entries and create consistency in the shared view of these transactions.
 
        
Previous:Protect patients' privacy and prevent the proliferation of counterfeit drugs -- blockchain builds a strong defense line for the medical industry and the world tide of scientific and technological innovation
Next:No more

Related articles:



© 2005-2032 | Blockchain Circle & & All Rights Reserved    Sitemap1 Sitemap2 If there is infringement, please contact us at: