How does Blockchain work? Where does this technology work? ๐ค
๐งต โ
๐งต โ
๐ What is Blockchain?
Blockchain, also known as blockchain, is the most powerful security tool that ensures the security of transferring money or data. Many people who have heard of various cryptocurrencies such as Bitcoin may have also heard of blockchain technology.
Blockchain, also known as blockchain, is the most powerful security tool that ensures the security of transferring money or data. Many people who have heard of various cryptocurrencies such as Bitcoin may have also heard of blockchain technology.
๐ How does Blockchain work?
In order to understand blockchain technology, you must first understand and decipher the science of cryptography. The most memorable and most striking explanation for cryptography is the decryption bag or rings that we usually see on our parents'...
In order to understand blockchain technology, you must first understand and decipher the science of cryptography. The most memorable and most striking explanation for cryptography is the decryption bag or rings that we usually see on our parents'...
... fingers during our childhood. In the decoder loop, each word in the alphabet is associated with a number. If you do not know the password, you cannot read the message received there. Modern encryption technology is actually a form of decoding loop that is transmitted to the..
... computer environment in some way. These ciphers generate codes that unlock files and data.
In Blockchain, as the name suggests, data is stored in blocks. Computers connected to a network called a miner collect and archive processed data according to cryptographic standards and convert it into blocks. The data belonging to all operands is converted into a hash function.
To give an example from the Bitcoin network, a cipher system called SHA-256 is used to generate hash functions. The SHA-256 standard always provides a 64-character output in hexadecimal numbers, even if the input data is only one character, and even hundreds of pages long.
๐ What are the contract?
Control of the blocks and cryptographic information is provided by volunteers, called nodes, who support the network. If enough confirmations are received, the block is added to the chain. An imaginary chain appears when blocks connected to each other..
Control of the blocks and cryptographic information is provided by volunteers, called nodes, who support the network. If enough confirmations are received, the block is added to the chain. An imaginary chain appears when blocks connected to each other..
... with special zeros are listed sequentially. After this transaction, the miner wins a reward according to the consensus structure used.
๐ What does Blockchain technology do and where is it used?
Blockchain technology is used to encrypt and secure files. The data we have on the Internet can sometimes be copied, mixed up, changed and rearranged outside of our control. This is the sometimes frustrating and ...
Blockchain technology is used to encrypt and secure files. The data we have on the Internet can sometimes be copied, mixed up, changed and rearranged outside of our control. This is the sometimes frustrating and ...
... sometimes beautiful aspect of the nature of the internet. Blockchain, or blockchain technology, is the technology used to ensure the transmission and security of data. The blockchain does not function like traditional databases, ...
... rather it acts as a digital ledger where transactions are listed one by one.
The data is usually sorted consecutively by date of entry. Each block contains the encrypted code of the previous block and provides protection against any changes. Each block contains the encrypted hash (hash) of the block information and previous transactions.
Since each block relies on the ciphertext before it, any change in any of them will reveal changes in all subsequent blocks. Therefore, it is necessary to ensure that the data is never changed.
That's a wrap!
If you liked this thread, retweet the first tweet and drop a like.
Follow me @Eng_khairallah1, for more content about:
- ๐ Web3
- โ๏ธ Blockchain Dev
- ๐ Start-Ups
- ๐ช NFT/DeFi
- ๐ Web Development
If you liked this thread, retweet the first tweet and drop a like.
Follow me @Eng_khairallah1, for more content about:
- ๐ Web3
- โ๏ธ Blockchain Dev
- ๐ Start-Ups
- ๐ช NFT/DeFi
- ๐ Web Development
Loading suggestions...