The science behind the technology!
The Blockchain technology is probably the best invention since the internet itself. It allows value exchange without the need for trust or for a central authority. The objective of this article is to clarify how the blockchain works without talking about the specialized points of interest in depth , but showing just enough to deliver you a common idea of how the technology works! Cryptographic keys Two people wish to transact over the internet. Both of them holds a private key and a public key. The primary purpose of this component of blockchain technology is to make a secure computerized identity reference. The Identity is based on ownership of a combination of private and public cryptographic keys. The combination of these keys can be seen as a able shape of consent , making an greatly useful computerized signature. In turn, this computerized signature gives solid control of ownership . A Distributed Network Much of the value of th...
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