Blockchain concept
What is the Blockchain?
The Blockchain, also known as blockchain or articulated chain, is a structured data set where the information is grouped into different blocks that also have information about the one that precedes them, thus building a kind of timeline in which each modification in a block affects all subsequent ones, modifying them accordingly.
It should be added that all these data sets are fully encrypted and protected, which makes them a strong way to protect important information. It could also be defined as a database whose components are distributed through different places and users. Since it is something that completely eliminates centralization and allows a rigorous control of the privacy of those who are part of the system, it is the system that is used fundamentally in everything related to cryptos.
It is an important requirement, in addition, that there be the existence of several nodes, or users, who are in charge of verifying each information transaction (economic or not) to establish its validity and, consequently, to proceed to implement it. said block in the gigantic chain that little by little is being built on a global level. A collaborative initiative that distributes the tasks among all its members and that has more and more defenders, as well as detractors due to its opacity. Here, we are going to delve a bit into the subject so that you have the essential bases to know what it is.
What is Blockchain for
The Blockchain has a great advantage when handling high volumes of information protected and distributed. This system constitutes a gigantic database totally shielded thanks to its encryption in which each user contributes his grain of sand by adding blocks to the set and increasing the information that is handled.
At this time, the greatest utility of these blockchains is found in the field of cryptos, where the discovery of each new block is offset by obtaining one or more units of these virtual currencies.
Blockchain usage examples
The clearest example of Blockchain is found in the Bitcoins. This cryptocurrency starts from the use of data blocks and their decryption through what is known as data mining. However, it can be used in many more areas such as legal, logistics, food or even the energy industry. In this article that we leave you below, you have a total of 10 examples of different blockchains:
What is Blockchain with 10 examples from different industries.
More information on Blockchain
Given its novelty, the blockchain is a subject in which not everyone has enough knowledge. However, its potential is so high that it should be followed closely for the future. If you need to know more about this technology, we leave you two reference links with more details and information that may be of interest to you:
