Sorry Hackers Block Chain Model ruined your job

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Block chain is a decentralized, public leader. 

Since, 2008 crypto-currency, has been attracting wide range of transactions and customers all around the world and the world came to know about the value of the bit coin. 

=>In all these bit coin transaction, block chain technique is implemented to store the transaction information in decentralized form rather than in centralized body. 


A block chain word implies that 'block' and 'chain'. Here block stores the information about every transaction of the particular user, and chain connects all those blocks and distrubute the information among the nodes. Every unique block opt a unique customer. 

Block chain uses hash technique to generate unique codes and these hashes are created by special algorithms. 

Block chain is not private:

The information of every transaction is provided to every user. You can download the whole transaction history of each and every user. Spreading that information across a network of computers makes the information more difficult to manipulate. Instead, a hacker need to manipulate every copy of the block chain at the network. 

=>Bit coin is the successful and popular implementation of block chain. 

=>Nobody owns bit coin network, much like no one owns the technology behind email. 

=>Bit coin is controlled by all bit coin users. 

=>Bit coin is also called "world Cash".

=>Block chain is hard to hack because the information of transactions duplicates the copies to every node(User) of the network. 


Comments

  1. Anonymous1 August 2020 at 12:05

    Macha etu chudu
    ||
    \|/

    https://www.technologyreview.com/2019/02/19/239592/once-hailed-as-unhackable-blockchains-are-now-getting-hacked/

    https://www.epiqglobal.com/en-us/thinking/blog/blockchain-can-be-hacked

    https://cointelegraph.com/news/hackers-target-enterprise-blockchains

    https://disruptionhub.com/blockchain-5-ways-cybercriminals-can-hack-the-unhackable/

    ReplyDelete

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