What is blockchain? How does this blockchain work?
Blockchain
Many of you have heard about blockchain. Many people say Bitcoin means Blockchain Actually it is not. Bitcoin is a Consept on Blockchain Blockchain is a Cryptocurreney Bank or Digital Money Bank. Here are the stores such as: Bitcoin, Ethercoin, BitcoinCash Ete. Blockchain can send coins directly to each other without any 3rd person. Bloch chain can be used to store more coins such as Bitcoin, Ethercoin, Bitcoin Cash, namely: stellarcoin (XLM). Blockchain is a big advantage and it can be used to exchange coins.
[Image source] https://unsplash.com/photos/JNxTZzpHmsI
How does it work?
Blockchain has 1,2,3,4 such blocks that have all the accounts of Money Transaction and CryptoCurreney. Here a block is connected to another block, so a block is connected to two blocks.There is no 3rd person in Blockchain Money Transaction, there are Nods. Anyone can be nod
What is nod?
Nod's work is done by taking full process of Blockchain. The process of block chain will increase as long as your Nods are updated.There is a lot of computer in the world of Nods, if a nod computer gets worse then that person can start working with a NOD from another person.
All data that is being stored in one place is called lized. lized System is of 3 types. Such as:
a. Centralized
b. Decentralized
c. Distributed networks
[image source] https://www.kisspng.com/png-rhizome-information-distributed-networking-blockch-4655375/download-png.html
• Centralized: There is only one system running, if the main system is broken, the whole system will be damaged.
• Decentralized: Here some nod matching has created a main nod again this main nods have again connected with a major nods. If the main nod is destroyed then all ends.
• Distributed networks: Now all nods are connected to each other. If there is a nod, there will be no harm in the other nod.
Blockchain works like Distributed Networks.
[image source] https://pixabay.com/en/blockchain-block-chain-group-3508589/
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