Hi friends, hope you are doing well. I have given you an introduction to Blockchain Technology and ethereum in my previous tutorials. In today’s article, I am going to talk about the characteristics of blockchain. There are several key characteristics of blockchain technology that make it different and usable from other technologies. The architecture of blockchain is so unique that it inherently provides a lot of features to this technology. These features have benefits for several areas and sectors so let’s discuss these characteristic features. Characteristics of Blockchain We have already discussed the components of Blockchain in our previous tutorial Introduction to BlockChain Technology. Now, let's understand the characteristics of Blockchain one by one: 1. Decentralization The most i ...
Hello friends, Hope you are doing good. Today I am going to talk about the technology that is most hyped right now and is said to bring revolution to the internet. Yes, I am talking about Blockchain technology and I am going to start explaining it from the very basics. Let’s start with a little history here without getting into too many details of it. The concept of blockchain was introduced to the world by Satoshi Nakamoto although this concept was first described in 1991. The technology was introduced via bitcoin which is a cryptocurrency invented in 2008. You must have heard about this cryptocurrency already. Now I am going to move towards the introduction of blockchain in the next section. What is Blockchain Technology? Blockchain is a distributed network that acts as a ledger and also ...
