Siz education / What is blockchain technology by @rasheedkamboh set 20% to @siz-official

Hello friends I hope all friends will be happy and Good. Today lecture i discuss about blockchain technology.

Source

Blockchain Technology is one such technology using which we are improving the global market. blockchain Technology offers a wide variety of permissions and arrangements around the world. and its precludes the need of centralization. blockchain technology is formailizing new digital links around the world. blockchain technology is the backbone layer of digital market. and in blockchain technology save the transactions and interactions of information.

Source

If we talk about blockchain, then blockchain is an electronic ledger which is built around p2p and we can use it by common people and here we can transactions to each other The most important thing about blockchain technology is that you can save your information here without any third party involvement. The most important thing about Blockchain technology is that in this do not have the involvement of any third party, and the chances of hacking is less.

Source

Many cryptocurrencies are built on a decentralized blockchain so that they can be tracked about all the transactions they are in, in addition to control the rest of the sequence and all the information about a coin.And in the same way, the involvement of any third party is eliminated and governments because the information is there, it is done on the blockchain and Its all the information are available on blockchain so that no need to any third party. and all information of your coin is available on his blockchain ledger.

Source

Cryptocurrency was the first platform in the world that was built on the blockchain, which allows people to transaction with each other on the without the involvement of any third party.And now people can transactions with each other in the form smart contracts their blockchain is the smart method using which people do transactions with each other.
As we know that internet is a storehouse of information similarly the blockchain is a house store o values here we can store our global distributed registry.

Source

if we talk about the aim of blockchain technology where blockchain is changing the world. the blockchain technology purpose is the digital information storage and distributed the digital information with any editing. here we can not edit any information on blockchain.The blockchain is chain of blocks when blocks attach to each other then it make a blockchain. the example of blockchain is bitcoin if we talk about bitcoin blockchain in bitcoin blockchain contain all information about all transactions. here the all information are available the sender information receiver information and number of bitcoins sends to anyone is available in bitcoin blockchain.Blockchain technology is used for creating the transactions ledger system. where data are stored.all transactions are stored.

Special thanks.

@siz-official @cryptokraze @vvarishayy @suboohi