Blockchain definition & technology services

in #blockchain6 years ago


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Blockchain:

Block and Chain is combined Blockchain. A block means a valid transaction that hashed in tree. And chain is connected two blocks. Finally, blockchain means cryptocurrency wallets to create hash to connect digital currencies.

Blockchain is created by Satoshi Nakamato in 2008. It's used in cryptocurrency bitcoin for public transaction. Digital currencies are transferred easily in blockchain.

There are three types of blockchain. These are public blockchain, private blockchain and consortium blockchain. Public blockchain is transaction between any wallet. Private blockchain is transaction between secret wallet. And consortium blockchain is an organization controlling wallet.

Blockchain technology are served in multiple locations. These are China, Hong Kong, Sweden, United States, United Kingdom, Singapore etc.

See More:

Litecoin history & differences from Bitcoin
Dogecoin History & Current Market
Zcash Cryptocurrency Invention Details

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