What is blockchain? Tech behind Bitcoin and Ethereum is the future of the internet – TomoNews

DA INTERWEBZ — Volatile cryptocurrency markets have experienced massive gains in recent months, followed by huge dips and then subsequent signs of recovery. You may have heard of cryptocurrencies like Bitcoin and Ether or of the blockchain technology that underpins them. But what exactly is a blockchain? A blockchain is a digital database managed by a decentralized network of computers. The blockchain records transactions chronologically and publically, according to online blockchain resource, Blockgeeks.com. Distributing data through a peer-to-peer network hosted by millions of computers makes it far less vulnerable to hackers than a centralized network and protects files from getting lost. When a user requests a transaction on the blockchain, it is broadcast to the peer-to-peer ne

It's only fair to share...Tweet about this on TwitterShare on FacebookShare on TumblrShare on Google+Digg thisShare on LinkedInPin on PinterestShare on VKShare on RedditPrint this pageEmail this to someone
Flattr the authorShare on StumbleUponShare on YummlyBuffer this page

Leave a Reply

Your email address will not be published. Required fields are marked *