therealakilipolee

  Are you confused by considering Blockchain similar to Bitcoin? No! They both are different. Bitcoin refers to cryptocurrency that operates on Blockchain Technology. This technology has also enabled the speedy transfer of money, unlike traditional banking. It has proved to be of high convenience to users.  An Insight to Blockchain Technology! Blockchain Technology was introduced by Satokshi Nakamato. It is crystal clear by the name that blockchain is a chain of blocks that is inclusive of certain pieces of information. Every block comprises a wide range of transactions. Every transaction is recorded in the form of Hash. Hash refers to a unique address that has been assigned to every block at the time of creation. Further modification in the block will result in a change in the value of the hash. There are three vital parts of a block that include the following: Data or information Unique block ID Hash of the previous block To change any hash value, it is essential to ch