Blockchain Explained

Sfaturi privind achizitia si exploatarea aparaturilor electronice si electrocasnice.

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Blockchain Explained

Mesajde Pleamak1 » Mar Oct 22, 2019 9:14 am

A blockchain carries no transaction cost. (An infrastructure cost yes, but no transaction cost.) The blockchain is a simple yet ingenious way of passing information from A to B in a fully automated and safe manner. One party to a transaction initiates the process by creating a block.

This block is verified by thousands, perhaps millions of computers distributed around the net ans there are applications available on the . The verified block is added to a chain, which is stored across the net, creating not just a unique record, but a unique record with a unique history. Falsifying a single record would mean falsifying the entire chain in millions of instances.

That is virtually impossible. Bitcoin uses this model for monetary transactions, but it can be deployed in many others ways.
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