What is block chain
In this article we have to learn about the block chain. Or we have to learn what is block-chain. more details about block chain.
The very first question are pointed in mind that.
What is block chain?
Generally people have to know about the what is block-chain.
or understand that Bit-coin is called block-chain but it is not true.
Or even they understand the internet is also a block-chain but their theory is not true.
They not are proper guided about block-chain or block-chain technology.
So we discussed there the little bit detailed about block-chain.
It was start from 1990 all the tech. agencies work on it properly. But the actual work start on it in 2009 when the anonymous named as Satoshi Nakamoto he developed the bit-coin with the help of block…
In which year start crypto currency boom will startup. In block…. there are small blocks which are attached to other blocks via chain.
Such as the one block attach with other with a single number or a single serial system called HASH.
- So there is a question in our minds what a hash or what the working of hash?
Hash is generally a number of a block or a simply we can say that address of a hash. When we change one block hash or serial number the other is automatically changed.
That’s why they are more difficult to hack or block the working or Block-chain.
The first block in a block chain has the serial number or address is AAAA. Or it is used in the next block to make a chain also the second block serial is BBBB. When we change very first block serial for example b automatically the next block serial change called hash BDAB.
That’s the reason we didn’t change the hash. Even anyone change the serial in bit-coin in 10 minutes.
Suppose we have a 10 million hash in a block-chain so you have to 200 hundred years to solve a block-chain that’s why this is more secure or more used at that time.
Block-chain is more used in now a day’s inn lot of domains. The most useful domain at that time is crypto-currency. In crypto currency the most used currency at that time called bit-coin.
We all knew that the bit-coin has more powerful currency at that time in the area of technology. Bit-coin dismisses the middle man just like banks.
More detailed about the block-chain:-
For example when we transfer PKR to USD dollar bank cut their fee to transferring a money one country to other country.
Now at that time when we transfer money through bit-coin. Crypto-currency bit-coin transfer within a minute or seconds.
or the most beneficial point is the fee charges to transfer money one country to another or even one person to another is more less then banks charge.
one thing that I suppose to tell you if you want more information then visit our other website.
Even we all know that gold transfer asset to asset. Same as bit-coin transfer to bit-coin not extra charges. That the reason people have the same work on their business or they didn’t pay the extra charges to transfer money to banks or even transferring services.
The other used cases in which use block-chain is called real-estate. Block-chain helps to real-estates to work as notary. The data stored in block-chain or even the history of the house or a real-estate agency.
Same work in hospitals management system the patient information or even the hospitals dues or any of other data collect that all stored in the block-chain.
There is lots of crypto-currency now a day such as:-
- Binance USD
There are lot of crypto-currencies are there but we have to view on some famous crypto-currencies just like that we are share you in this article.
We have to learn about the bit-coin or BTC are start to industrial revolution. Suppose we have a 100 USD dollar rupee or a simple paper which I written 5000 USD dollar on it.
But when you go to market you will be able to pay a 100 USD dollars that’s obviously more powerful than 5000 USD dollar which you written on paper. In a survey they proved people are attractive to make 100 USD dollars not to make 5000 USD dollars because 100 USD dollars are issued by the government of United States of America.
We will say that a bit-coin is a digital gold. It is connected to a server with a computer or software must start to it to work on it.
The bit-coin is the most powerful currency at that time. It is start from 2009 we will already discussed in the previous topic.
It is very first crypto-currency in the used of all time it is cost much more in USD dollars such as 24,018.70 at that time in 15th august 2022.
We have to know that bit-coin is the world largest crypto-currency. The revolutionary year is 2015 but the most famous year to start the bit-coin is 2017.
Or most highest or reliable or profitable currency at that time.
Ethereum are start from 2013 by Vitalik Buternic but the additional cofounders are Gavin wood, Charles Hoskins, Anthony Di lorio, Joseph lubin.
The worth of Ethereum now days are 1,896.14 USD dollars. It is the most second famous digital currency in all over the world.
Ethereum is most used in the NFT (non-fungible token).
There are lots of its branches such as:
- Free wallet
- Coin base
ü Binance USD:-
Bianca is the world largest stock n exchange. It is the most relevant type of crypto-currency.
It is start by the founders who named as Craig Sellars, and Reeve Collins, Tether (USDT) by the founder of Brock pierce, in the year of 2014.
One Tether is equals to 1 USD dollar. Or in PKR is equal to 212 rupee.
In this article I have to know about the highest currency in the digital market.
or know about the digital market. or how its trending years which year start from or which year its peak year.
Today is the 15th august 2022 or the bit-coin decrease up to 5.5 million to 5.1 million within the 2 hours in the currency of Pakistan stock exchange.
I have to tell you about the crypto-currency or even known about the block….. currency or how its work.
I hope you will be understand the little bit information about article or block….. or understand how the block chain works.
So if you read more articles then visit our website.