Steem - Privacy Revolution - How Blockchain Is Reshaping Our Economy

Considered as the second generation of the internet, the internet has provided an unparalleled means of communicating with people all over the world.

However, blockchain technology’s requires a far more descriptive explanation. It's an open source for public online database or medium that is used for the record and exchange of value-based transactions.

How does the blockchain work?

The blockchain technology is the best revolution since the internet itself. It allows people to do value exchange without any trust or for a central authority.

There are some important Components of Blockchain:
Blockchain allows the users to write a few lines of code and helps to envision two individuals who wish to conduct a transaction online.

Each of these holds two keys one is private and one public.