How Does Blockchain Technology Works?
Blockchain is the technology behind the famous digital currencies ( Bitcoin, Litecoin, Ethereum, etc.) which have been making headlines in recent years. This technology makes it possible to distribute information digitally of any kind, but not to copy it: this means that each piece of data can have only one and unique owner. But if you already have an idea of what technology is, do you know how Blockchain actually works? How blockchain technology works The operation of this technology does not rely on extraordinary advances in computing or the capabilities of modern computers, but more on the use and organization of three technologies already well in place: The cryptography of private keys, A distributed network with a shared account register, Ensure secure transactions in which all stages are verifiable and tamper-proof. Take the example of a person wishing to make transfers over the internet using the blockchain. This person is assigned a so-called private key and a so-called publi...