Bitcoin depends on a controversial liver system, known as blockchain. Blockchain is probably the most powerful innovation associated with Bitcoin, because countless artists from financial services are beginning to think about enjoying the technology for their own use. So it's worth asking: What is a blockchain?

His ability to distribute the necessary energy information of BlockKen Technology Since it is distributed in all nodes or personal computers, which make up the system, the term "blockkayne technology" is often replaced with "delivered laser technology". A blockchain database is not kept in a single place, which is infused or controlled by one party, rather it is organized by several (in case of Bitcoin, thousands) computers simultaneously.

The Blockchain Network automatically verifies the specific intervals, creates a self-auditing system that holds the information that ensures information accuracy. Groups of these data are called "blocks" and these blocks are cryptographicly disciplined, difficult to transfer and interfere with information. There is a need for a large amount of computing to change any information of blockchain.

Significant deterioration of a blockchain, compared to other databases, requires this distribution system to require constant computing power from several sources.

Like Bitcoin, we now understand the emergence of the blockacain that it is usually deposited to a person or group, which is called Satoshi Nakamoto. But in reality, the concept of a mutually controversial interpretation can be found in a 1976 research paper called "New Guide to Cryptography". For many years this concept was considered unsafe and extremely complex, but eventually it is associated with Bitcoin. The technology's security and distribution facilities became clear.
Now, the new use of Blockken is being developed by companies like Microsoft and Deloitte, which believe that its decentralized and verifiable nature provides a huge potential for exceeding digital currency.