COIN MARKET INFO - Sign up now FREE Litecoin and ethereum -how to earn coin? 1. sign up member (free 100 JPY coins) 2. Login account every 4 hours to claim coin(free 10 JPY coins) 3. Share affiliate to your friends (win-win solution,10% commission of what your friend earn) at www.coincapstat.com

 

Coin Market Blockchain use in the cryptocurrency

Coin Market Blockchain

Blockchain

A blockchain,originally block chain,is a continuously growing list of records, called blocks, which are connected and secured using cryptography.

Just a simple general knowledge about Blockchain

Each block ordinarily contains a cryptographic hash of the previous block,a timestamp and transaction data.By design, a blockchain is inherently resistant to modification of the data. It is “an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way”.For use as a distributed ledger, a blckchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and validating new blocks.
Once recorded, the data in any given block cannot be altered retroactively without the alteration of all subsequent blocks, which requires collusion of the network majority.

Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger.
The invention of the blockchain for bitcoin made it the first digital currency to solve the double spending issue without the need of a trusted authority or central server. The bitcoin design has been the motivation for other applications.

 

#Marketcap #cryptocurrencies #Cryptocurrency #Finance #business
#Digitalcurrency #Exchanges #Bitcoin #Crytpo
#Invest #Cryptocoin #litecoin #Ethereum #Trades #News
#Coinmarket #coinmarketcap #justcoinmarket #coincapstat #blockchain

983 total views, 2 views today

Leave a Reply

%d bloggers like this: