Blockchain Quick Overview

Blockchain Technology is also addressed as

The Next Stage of Internet
The Trustless system of Values (wherein TRUST is injected by crptography, game theory and other technologies; rather than human being)
Technology quite bigger and broader than Bitcon

A Blockchain is

A Transparent, Cryptographically Trusted Dapp/dApp (Decentralized application) system used for management & exchange of Digital assets like Ownership title, Medical Datasets, CryptoCurrency without the need of any external human/other wise driven system for TRUST.
A cryptographic database maintained by a network of computers, each of which stores a copy of the most up-to-date version of Ledger. It uses Blockchain Protocol for TRUST in Transaction and Ledger management.
A Blockchain protocol is a set of rules that dictate how the computers in the network, called nodes, should
- verify new transactions and
- add them to the database*.
The Blockchain protocol offers Consensus building mechanism by employing
- Cryptography,
- Game theory, and
- Economics

to create incentives for the nodes to work toward securing the network instead of attacking it for personal gain.

If the Blcokchain is set up correctly, this system can make it extremely difficult and expensive to add false transactions but relatively easy to verify valid ones.
Blcokchain comes baked in with Data Provenance by offering
- immutable and
- cryptographically verifiable record of transactions

Why Blockchain Matters More Than You Think

6 MINS VIDEO Explaining Why Blockchain Matters More Than You Think!

16 MINS VIDEO Explaining How Blockchain is Already Taking Over!

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Blockchain Quick Overview

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Why Blockchain Matters More Than You Think

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Comments

Blockchain Overview and 3 Frameworks - HLF, QLDB & MSB

Multiple Blockchain Frameworks

More from this blog

Why Blockchain Matters More Than You Think