Briefly know how Blockchain Technology works
Assalamu Alaikum
Today, the topic I want to discuss is briefly know how Blockchain Technology works.
What is blockchain? In fact, blockchain is a collection of blocks that carry data through a chain. Blockchain is a place that is open to everyone. Through blockchain, anyone can access any data from one end of the world to another. You can also see who is using which wallet, who has made what amount of transactions from which wallet, who has been given etc. . But you will not be able to know much information about his name address etc.
So far I have known about blockchain, now we will know what block is. The block can be divided into three parts, the first is data, the second is hash and the third is hash of previous block. These three are the main ones. The first one is called data, data is mainly on blockchain. dependent For example, when we talk about Bitcoin blocks, there are three types of data in a Bitcoin block: Sender, Receiver, Amount. When you send Bitcoin to someone, the sender's address is the recipient's address and the amount you send is the data. The next thing that comes to work is Hash. Hash is a computer generated number. When you write it, a hash will be created and if you try to change any data, the previous hash will change and if for some reason the hash changes, then the old block. It will not exist, instead a new block will be created. What comes after all this is the hash of the previous block, this is when there is a block in the blockchain, there is another link between it.
For example, a hash always has a previous hash connected to it. , in addition, if any type of data is changed or attempted to be changed in a block, but the hash in which the previous data was, then the hash is changed, so that if someone wants to change or hack the data of the block, then the previous hash and will not match and the blockchain will automatically detect that someone is trying to change the information in this block. Then these problems will not be included in the blockchain.
Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.
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We all need to know about blockchain technology. Thanks for a nice analysis and description.
Nice explaining of the workings of blockchain, you have truly explained it in a clear way and it has been well understood. Continue to post high quality content.
A very nice article about how blockchain technology works, you have presented it very nicely!
Blockchain is highly advanced technology and it's good to learn about this technology that how it works and what are the benefits of using this technology on various sectors to make it more scalable and innovative.
Steemit is also a blockchain technology. But many people do not know how this blockchain technology works. Everything is cleared by your post. Thanks for sharing such a helpful post.