Cryptocurriencies and Blockchains....(part-02)

What is the blockchain?

In a typical time frame, all the encrypted data in the transaction is made in a single block, with the total amount of money or assets traded around the world. A distributed and densralized laser is basically called blockchain, which is completely randomly arranged by that block. It looks like muddy, everything! Bitcoin Who We Are Now Many.Here is an example of the block chains we are talking about, Bitcoin Blockchain. Bitcoin is a cryptocurrency that is operated using a blockchain.

In order to record all transactions in the bank, all branches have a large size book. The banks which use banking software, have these records in the database. Maybe, that old book is also there. This big size sheet tells laser. So, for a valid transaction, you must have the signature of the bank laser. Blockchain is such a laser, where there are many such blocks in one after another.All the data contained in each block, all the data that has been transmitted all over the world at a time. This data is open but encrypted. Everyone can see this data but to get a private key to read. This means that if you have done transactions here only you can read all the information about your transition from here, using private key and no one else can. But what people will see is the amount of transaction.But who has come to whom the money can not be known this way. Because only the address will leave the money. There will be no identity.
The picture below shows how a transaction can be seen. Each block of blockbench is completely irreversible. Once a block is added to the chain, it is impossible to change anything. The blocks are sitting in the order of their creation as well. Every block knows before that there are no blocks. Thus, a block connected with another.Blockchain distributed and degranded system, that is, all the world's same blockchain users have a completely carbon copy of special blockbusters. So if one or a quarter of the server or computer is nested together, there will be no blockchain.

Cryptocurrency

Our current currency is cryptocurrency and one type of currency or exchange. That is, the work that can be done with traditional coins, such as dollars, pounds, money etc., can be done by cryptocurrency. This cryptoconference is used for transactions through blockchain technology.There are many such coins, such as Bitcoin, BitCash, Monaro, Lightkayen etc. The price of our coins, such as dollars, lbs, and so on, fluctuates from time to time, so also, that is, buying / selling price fluctuates.

So now it is clear to understand what the cryptocurrency means. Let's now discuss the actions of cryptococcernes.