Blockchain Technology
Hello Steemians,
Today i am talking about the #Blockchain #Technology. Let's get introduced to the Blockchain Technology.
Blockchain is a #Decentralized and #Distributed digital #Ledger, that is used to record #Transaction across many computers so that the record can not be altered retroactively without the alternation of all subsequent blocks and the collision of the network.
Blockchain is a technology that promises to change the way we think about transactions, data storage and data transfer.
Now there are a lot of Blockchain networks currently active, all of which are built on four key principles.
#They are
Bitcoin is an electronic #Decentralized currency managed on a peer-to-peer networks, also known as #Cryptocurrency with a system working without a central bank or single administrator. Making it Essentially the first official #Implementation of all the four keys principles of Blockchain together.
Another popular Blockchain network which offers a lot of promise today is #Ethereum Network.
Ethereum goes a step further in Implementing the principles of Blockchain technology as it enables the developer's to build and deploy applications without any central authority. These Decentralized applications or de-apps are known as smart contacts.
A smart Contract is #pre-written logic stored and replicated on Blockchain. This logic is executed run by a network a computer running the Blockchain.
Now to code these smart contracts, you need a programming language. Some of those programming languages are #Serpent, #LLL, #Solidity. The most popular out of these programming languages is #Solidity.
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