In this article I'm going to talk a lot about this technology, who is behind web 3.0 and its main foundations, this technology is the most important of the foundations for this new phase of the internet, I'm going to talk both to laypeople and to those who have been riding this wave for some time, I've read about it sporadically, but until recently it was relevant to me, but now it has become more important and I have to ride this wave, I feel that my moment has come.
I am going to summarize Blockchain, so anyone who reads it will understand what it is, what it is for, and where it applies in the real world, but even so, if you want to read more details and delve deeper into the subject, just click on the links to sources at the end of the article, there is much more extensive information there.
What is Blockchain?
Blockchain technology is an advanced database mechanism that enables the transparent sharing of information on a company's network. A blockchain database stores data in interconnected blocks in a chain. The data is chronologically consistent because it is not possible to delete or modify the chain without the consensus of the network. As a result, you can use blockchain technology to create an unalterable or immutable ledger to monitor orders, payments, accounts and other transactions. The system has built-in mechanisms that prevent unauthorized transaction entries and create consistency in the shared view of these transactions.
What is it for?
Allows all transactions to be recorded in a public or private system, where all participants have access to the data. This significantly reduces the risk of fraud and facilitates audits, since the records are immutable and accessible in real time.
Where can blockchain be used?
Originally known for being the basis of Bitcoin, blockchain is a decentralized system that guarantees the security and transparency of digital transactions, without the need for intermediaries. Its application goes far beyond the financial world, covering areas such as health, logistics, governance and much more
What is the main purpose of blockchain technology?
Blockchain technology is an advanced database mechanism that allows information to be shared transparently across a company's network.
What is blockchain, for example?
Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, money, land) or intangible (intellectual property, patents, copyright, brand).
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How to use blockchain on mobile?**
Blockchain on Mobile
Access your Blockchain Wallet on the go.
Scan a friend's QR code to send and receive bitcoin seamlessly.
Use your touch with the wallet ID to log in to your wallet.
What is a blockchain wallet?
Definition: A blockchain wallet is a digital wallet that users can use to store and manage Bitcoin, Ether, and other cryptocurrencies. A blockchain wallet allows cryptocurrencies and other digital assets to be transferred and converted back into the user's local currency.
Can a blockchain be hacked?
The concepts behind blockchain technology make it nearly impossible to hack into a blockchain. However, weaknesses outside of the blockchain create opportunities for thieves. Hackers can gain access to cryptocurrency owners' cryptocurrency wallets, exchange accounts, or the exchanges themselves.
My Linkedin: https://www.linkedin.com/in/humbertoromanojr
Sources:
https://en.wikipedia.org/wiki/Blockchain
https://aws.amazon.com/what-is/blockchain/?nc1=h_ls
https://www.blockchain.com
Source image: https://wallpaperaccess.com
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