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How Block chain technology works

Posted by Sneharaghunath on September 18th, 2018


During the initial days Blockchain was only used for P2P currency transaction also called as cryptocurrencies. The cryptocurrencies where digital in nature and hence needed a highly secured and open medium of the transaction as the transactions involved multiple players. When people discovered how P2P currencies operated, they also discovered how blockchains operated. As days rolled, the government started to lose confidence in cryptocurrencies. The Governments across the world wanted to ban these currencies as they devalued the paper currencies by a great margin and this seemed to be unrealistic. Some of them even banned them and India proudly joins the elite list.


Blockchain technology gave rise to two things. One is a secured and safe means of transaction and the other one is Blockchain engineers who essentially knew Blockchain programming. Blockchain became a self-taught course which people started to read online and create a piece of code which worked like magic. As Blockchain was open, hence the tutorials on how to develop a Blockchain was also widely available. Blockchain technology became a household name as everyone started to adopt the technology and delivered a working system.


As people started to develop Blockchain technology soon there were different types of Blockchain. The type of Blockchain is essentially the nature of usage and who built it. A public Blockchain is something that is built by people for the usage of the people. These are publically available system and anyone can readw. Cheap Nike Shoes China Cheap Jordan 4 Cheap Nike Running Shoes Cheap Air Max Mens Cheap Nike Air Max 97 Cheap Air Max 90 Premium Cheap Air Max 270 Womens Air Jordan 12 For Sale Air Max 2018 Clearance Cheap NFL Jerseys Free Shipping