Blockchain Technology And How It Helps Save Money and time yet Keeping Personal Data Save

in Steem Alliancelast year (edited)
        What is a blockchain?

Understanding Blockchain Help You Discover How Much You Can actually do with crypto.....;

A blockchin is a secure Decent ralized and transparent Systems or Technology of
distributed ledgers..:

it is not controlled by centralized governing bodyes which make it possible to exchange money goods and other value without an intermediary ....

istockphoto-1349092555-170667a.jpg

Pixabay

How Does It Work?

A Node Starts a Transaction ;at first Creating and then digitally signing it with its private key (created via cryptography) . A Transaction, Canbe represent various actions in a blockchain..... Most commonly this is a data structure that represents transfer of value between ;users on' the blockchain network. Transaction, Data structure usually consists of some logic of transfer of value, relevant rules, source and destination addresses, and other v using a flooding protocol, called Gossip protocol, to peers that: validate the transaction based on preset criteria. Usually, more than one node are required to verify the transaction.:
Once the transaction is validated, it is included in a block, which is then propagated onto the network. At this point, the transaction is considered confirmed.:...
The Newl write a Block now can becomes part of the ledger, ,,And the next block links itself .ACrypto Graphically Back to This Block.; This link is a hash pointer. ...At this stage, the transaction gets its second confirmation and the block gets its first confirmation.:.."
Transactions or Then: Reconfirmed Every time a new block is created.... Usually, six confirmations in the a network are :required to consider 'the transaction final.

  How many transactions are included in a block chain?...

The number of transactions that can be included in a block on a blockchain depends on the specific blockchain and its design. ...In some blockchains, such as Bitcoin, the maximum block size is limited, which ;means that only a certain number of transactions can be included in each block.... For example, in the Bitcoin blockchain, the maximum block size is currently set at 1 megabyte, which means that each block can contain a maximum of around 2,000 transactions....."

Other blockchains, such as Ethereum, have more flexible block sizes and can accommodate a larger; number of transactions in each block. ...In these cases, the number of transactions included in a block may vary depending on the size of the transactions and the overall demand for transaction processing at a given time.....
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It's important to note that while the number of transactions included in a block may vary, each block in a blockchain is linked to the previous block, forming a chain of blocks that contains a complete record of all transactions :that have taken place on the blockchain..... This allows users to verify the accuracy and completeness of the transaction history on the blockchain...*

    What do you think about blockchain now?

Blockchain is a great invention, however, just like the Internet in the early 1990s, blockchain is also the feast of few currently and most don’t buy it, which means that it will take a while for blockchain to become common place....

So many giants such as Google ,Facebook and Sony has noticed its high potential and begun to combine it with financing , logistics, anti-piracy, etc. ....And some SMEs in emerging industry are also embarking on it, and some :of them have got some major strides. For example, the CryptoGame, a gaming platform , has issued its token CGT and a blockchain-based horse racing game, CryptoDerby.....

Blockchain begin to infiltrate other disciplines besides the Internet industry and is in general a high-spirited horse for our era and the future.....The game changer for Internet is the WWW, then who will be the pusher that will introduce blockchain to the public? It’s still a wild card.…..

Special Thanks
@hungry-griffin

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35% of your post is copied from this source. Can't be copied and posted like this. Avoid such actions later.

 last year (edited)

Ok sir check karta hoon

You enter the source. And see the writings. Find any matches. I have commented after seeing and hearing everything. Just don't waste my time.

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