In this crypto latest blog, you will learn about the blockchain crypto technologies, what does it mean and whcih project are safe for investors in 2023. After reading this guide, you will understand the whole process behind blockchain transaction and ledger detaisl, which type of crypto project are ponzi and more.
What is a Blockchain?
A blockhain is a shared database that store data in block which are linked to one another via cryptography. In it, information of transaction are saved as ledger. Since after the arrival of the bitcoin in 2009 the world cryptocurrency, NFT Tokens ( non fungible tokens) and defi smart contract app exploded . You can find on blockchain how many Bitcoins transferred, the sender address and receiver address too.
In case of the bitcoin this blockchain is a decentralised one that means the transactiona rr permanently recorded on its ledger data and its visible to anyone.
You can easily check the transaction details with use of blockhain explorer .
Beware of illegal activities on blockhain where you may come across blockchain platform in illegal money transaction for example the soll route, a dark web enviornment .
This dark web allows to buy and sell illegal articles with use of tor browser. However regulation are being developed in various countires to face such crimes.
There are also four types of blockchain
The first one is the public blockchain,second is private,third is hybrid and the last one consortium.
Who invented blockchain?
For the first time Satoshi Nakamoto invented the blockhain introduced the first bitcoin software application.
In the blockchain what language mostly used is the c++ computer language which is object oriented comprising of programs like sematics, multi threading, function overloading,etc.
It is free for use by anyone and acces it
In conclusion you have read all about the basic of blockchain ,who invented it and types of blockchain too. In our next blog we will bring more crypto latest helpful information for you.
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