BLOCK CHAIN

TECHNOLOGY
 Introduction

 Block chin technology first came to light when the person or group of
individuals name ‘satoshi nakamoto’ published a white paper on “BitCoin:
 A peer-to-peer electric cash system in 2008.
 Block chain technology records transaction in Digital ledger which is
distributed over the network thus making it incorruptible.
What is block chain.

• Block chain is a structure that stores

transactional records also known as
the block chain, of the public in
several databases, known as the
“chain”, in a network connected
through peer-to-peer nodes.
What are the four
types of block
chains
• Public block chains
• Priv ate block chains
• Construction block chains
• Hybrid block chains
 Public block
chain
• A public block chain is one where anyone is free
in the core activ ities of the blockchain network.
Private block
chains
• Priv ate block chains are distributed
ledgers only av ailable to those giv en
express permission to hav e specific
access lev els or abilities on a
blockchain.
Hybrid block
chains
• A hybrid block chain is a block chain
that combines elements of both public
and priv ate block chains.