CONCEPT OF BLOCKCHAIN
INTRODUCTION TO BLOCKCHAIN It's used to create a common communication across industry and technology. It's a technology that enables us to move a digital coin or assets from one individual to another individual. Please note that digital money or currency is not a blockchain. Blockchain is based upon the basic postulates of the data that entries are open publicly. Everyone can see and verify the transaction. Entries are shared and have existences in any node on the network. Problems that blockchain endeavor to solve. Money transfer Processing time Processing fees Illustrating the blockchain concept with an example. If person A wants to move or transfer money to B from India to England, then this can usually be done through the third trusted party by takes some processing fees and 3-4 days to move money from one person to another person. So what blockchain here to do? 1) Firstly, transfer money without a thir...