Blockchain technology uses a growing list of records called blocks to securely store transaction records for cryptocurrencies like Bitcoin. Each new block of transactions is distributed and verified across a network, making the records difficult to alter, duplicate, or fake. Beyond currencies, blockchain has potential applications in healthcare, education, and other fields by providing a secure and distributed record of transactions and information.
Blockchain technology uses a growing list of records called blocks to securely store transaction records for cryptocurrencies like Bitcoin. Each new block of transactions is distributed and verified across a network, making the records difficult to alter, duplicate, or fake. Beyond currencies, blockchain has potential applications in healthcare, education, and other fields by providing a secure and distributed record of transactions and information.
Blockchain technology uses a growing list of records called blocks to securely store transaction records for cryptocurrencies like Bitcoin. Each new block of transactions is distributed and verified across a network, making the records difficult to alter, duplicate, or fake. Beyond currencies, blockchain has potential applications in healthcare, education, and other fields by providing a secure and distributed record of transactions and information.
K. GOWTHAM (17CSR046) CSE - ‘A’ , 2nd year ,DEPARTMENT OF CSE, KONGU ENGINEERING COLLEGE. Mail id: gowthamkg21@gmail.com
ABSTRACT :
The blockchain is a relatively new technology used to verify and store
transaction records for online cryptocurrencies like Bitcoin. The blockchain is the growing list of records called the blocks. The system is redundant and distributed, making it difficult for transactions to be rescinded, duplicated, or faked. Beyond online currencies, the blockchain has potential uses in health care, education, and many other fields. This column will briefly describe what the blockchain is and how it is being used, potential future uses that may be of interest to librarians and medical practitioners, and some of the problems with the system. The most well-known implementation of blockchain technology is the Bitcoin. Created in 2008, this was a breakthrough in Blockchain technology and is often referred to as Blockchain 1.0. Bitcoin is a transaction focused implementation that allows for anonymous trading without a consortium, whilst still offering the basic distributed ledger of all transactions. Other implementations exist, such as Digital Asset Holdings and Ripple, however these have been more financially focused rather than implementations designed with the individual consumer at the forefront. There is also the Hyperledger Project by IBM, but similarly this is geared more towards larger organisations than smaller companies or individuals. Finally, we have Ethereum.