Blockchain: the latest security method of online transactions (Chapter-01)

annajmus.sakib (42)in #bitcoin • 7 years ago

Although Bitcoin is familiar with the word for the benefit of the Internet, the concept of Blockchain is entirely new to many of us. Although there is a lot of information about blockchain and bitcoin, and there is not enough information on the internet, it is difficult to get a clear idea about the blockchain. Today's writing is to give some idea about Blockchain.

Many of us have studied above the exchange system in childhood. At the very beginning, the economy was based on the exchange tradition. We still exchange, but for rice, not a pair of dal or cloth is not a shoe. Now we exchange through the currency Actually, the coins survive on our collective beliefs. If we did not believe in the power of the dollar, then today the United States could not have been so powerful, did not it? Bitcoin is such an exchange system. However, there is no issue with Bitcoin, such as money, rupees or dollars, by any State Bank. In short, Bitcoin is an online currency or currency for which we can buy.

Money is such a coin, so Bitcoin is a kind of 'cryptocurrency'. Apart from Bitcoin, there are many crypto-consistences such as Lightkayen, BitCash etc. The main objective of these cryptocurrency issues is that we can safely remove trustworthy transactions by not having large companies like banks or state.

Bitcoin's Birth Process
Bitcoin is made from Bitcoin Miner The way printing money is printed in the Security Printing Press, there is no printing press for cryptographic printing. Because there is no visible body of cryptocurrency. Each cryptographic puzzle solves a bitcoin.

What is the relation between Blochain Bitcoin?
It is necessary to keep a record of all the transactions we make using Bitcoin or other cryptocurrency. Otherwise, if Mr. Jhon sold the data to Mr.George if he claimed that Rahim did not give him his due coins, then the quarrel could take place. To solve this problem, it is necessary to keep an account of these transactions. In the banking system, there were laser books in the analog era, so that the logs of each account were kept. And now Digital Laser Book is used, this is the difference. But Bitcoin or other cryptocurrency transaction laser book is our blockchain, this is our blockchain.