In a Blockchain infrastructure, trust is built using cryptographic hash functions and Public-key cryptography using digital signature mechanisms. If we unpack the building blocks of a typical blockchain infrastructure – It relies on a multi-party peer-to-peer transactional network backbone without relying on a central authority. On the blockchain network, the peers create transactions, collaborate on transactions, validate and verify the transaction… Read more »
We keep hearing the hype about Blockchain particularly its guarantee for securely providing tamper-resistant immutable record keeping. What it basically means that Blockchain records every transaction on the network, whether it is a single transaction of a payment or multi-step transaction of a workflow — Each transaction is represented as a block. Typically, the resulting blockchain ledger will be represented… Read more »
“Money is as old as our civilization” ! How technology has transformed the concept of money from exchanging rocks, metals, paper, plastic, and plastic to Bitoin..Andreas M. Antonopoulos breaks down everything to layman terms even I can understand! How people and network-centric and protocol form of cryptocurrencies will dominate the next centuries allowing a new financial integration that the world… Read more »
First, I am not a BitCoin investor or miner (perhaps in the future)…but it’s been a while I had been following BitCoin’s underlying technology called “Blockchain”! In fact, Bitcoins value hangs on the trust provided by Blockchain technology! Quite fascinating – Blockchain facilitates a way where multiple parties who remain anonymous can trust and collaborate each other using a consensus-based protocol… Read more »