Blockchain explanation series-(part-01)

in Tron Fan Club2 years ago

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Dear Sir, I would like to convey my sincere wishes and love to all of you. I hope you are all well. And your good health is most desirable.



Usually, I am very interested to know and learn about technology and now I have learned a lot by my efforts though not much. When I was working in the Amar Bangla blog community I had no idea about blockchain, bitcoin, steam. When it came to Amar Bangla blog I started working and slowly started to know. Then I was surprised to know about this blockchain. And slowly I started to know what blockchain thing is and how it works. I started reading various video blog documentaries and got to know a lot of things. And to be a part of that little knowledge, today I am sharing what is blockchain? And what is the function of blockchain?


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  • What is a blockchain?


Let's first discuss what is blockchain? Well, you may have heard of Bitcoin. Bitcoin is one of the most popular currencies in the world today. Bitcoin is a currency that has no physical existence. Relying on blockchain technology. And because of the use of this blockchain technology in Bitcoin's cryptocurrency, today Bitcoin is the most popular and most secure in the world.Now let's come to what is blockchain? You probably all know the history of Internet creation. Many commuters like the Internet were invented together. In the same way, a long chain of data blocks has been named blockchain. This technology is called the blockchain. This technology contains a lot of data, all the data blocks are encoded using cryptography technology. And the blocks that are created combine to form a long chain. One of the previous blocks is a cryptographic hash. And there is also a timestamp and all the information of the transaction. And thus the data related to each block is stored in the block next to it.


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  • History Of Blockchain?


Blockchain is a old technology. This technology was first coined by Stuart Haber and W. Scott in 1991. The main purpose of this technology was to timestamp digital documents. No one can steal or change it. Bitcoin was created using it. And as a result of this discovery, blockchain has become a point of interest for every one day by day. Blockchain is now considered to be the future of the world economy. It was created to support the cryptocurrency after its invention. It is now so popular and modern that Bitcoin cannot exist or be imagined without it.



It ends here like today. Then I will bring to you how blockchain works and what are its advantages and disadvantages? Until then I wish good health to everyone.



Thanks, everyone for reading this post🌿

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