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Understanding Blockchain Technology Basics

Blockchain is a public ledger that does not have a central authority in control. It allows individuals and companies to collaborate with trust and transparency. Some well-known applications of blockchains are cryptocurrencies like Bitcoin, but many other uses are possible. Blockchain is seen as driving the next revolution in information technology, though challenges like scalability and security issues remain to be addressed.

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saikiran reddy
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7 views1 page

Understanding Blockchain Technology Basics

Blockchain is a public ledger that does not have a central authority in control. It allows individuals and companies to collaborate with trust and transparency. Some well-known applications of blockchains are cryptocurrencies like Bitcoin, but many other uses are possible. Blockchain is seen as driving the next revolution in information technology, though challenges like scalability and security issues remain to be addressed.

Uploaded by

saikiran reddy
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

INTRODUCTION TO BLOCKCHAIN

Abstract
A blockchain is a public ledger to which everyone has access but without a central
authority having control. It is an enabling technology for individuals and companies
to collaborate with trust and transparency. One of the best know applications of
blockchains are the cryptographic currencies such as Bitcoin and others, but many
other applications are possible. Blockchain technology is considered to be the
driving force of the next fundamental revolution in information technology. Many
implementations of blockchain technology are widely available today, each having
its particular strength for a specific application domain. The tutorial provides the
participants with insights and practical experience on Blockchain technology and
applications in practice, as well as theory based exploration of possible business
cases.
However, there are still many challenges of blockchain technology such as
scalability and security problems waiting to be overcome.

V SAI KIRAN REDDY


17311A19C8
ECM - C

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