Welcome to Blockchain
The first Blockchain – the Bitcoin Blockchain– was conceived in 2008 in a white paper by a person or a group of people known as Satoshi Nakamoto. Since then, the Bitcoin Blockchain has become a global technology, adding a much-needed layer of security to the internet and changing the way governments, organizations, businesses and individuals operate in our increasingly digital world.
What is the Bitcoin Blockchain?
At its most fundamental level, the Bitcoin Blockchain is a decentralized digital ledger that allows people to directly transfer assets to one another, without the need for a third party. Today, most people require the help of a trusted middleman to ensure that their assets are sent to the right place. Blockchain eliminates this need for a middleman, allowing people to directly and securely make exchanges with each other. No central authority is needed to verify these transactions because the Blockchain provides a decentralized database of transactions that can be seen (and downloaded) by everyone on the network. Furthermore, each transaction must be approved by every computer on the network to be confirmed. It allows users to trust a system of exchange without needing to trust a third-party.
The Bitcoin Blockchain is the oldest and most secure, publicly used Blockchain. However, anyone can create their own version of a Blockchain.
Welcome to Blockchain
The first Blockchain – the Bitcoin Blockchain– was conceived in 2008 in a white paper by a person or a group of people known as Satoshi Nakamoto. Since then, the Bitcoin Blockchain has become a global technology, adding a much-needed layer of security to the internet and changing the way governments, organizations, businesses and individuals operate in our increasingly digital world.
What is the Bitcoin Blockchain?
At its most fundamental level, the Bitcoin Blockchain is a decentralized digital ledger that allows people to directly transfer assets to one another, without the need for a third party. Today, most people require the help of a trusted middleman to ensure that their assets are sent to the right place. Blockchain eliminates this need for a middleman, allowing people to directly and securely make exchanges with each other. No central authority is needed to verify these transactions because the Blockchain provides a decentralized database of transactions that can be seen (and downloaded) by everyone on the network. Furthermore, each transaction must be approved by every computer on the network to be confirmed. It allows users to trust a system of exchange without needing to trust a third-party.
The Bitcoin Blockchain is the oldest and most secure, publicly used Blockchain. However, anyone can create their own version of a Blockchain.
Source from Chainhub 2016
