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BlockChain Principle, Type & Application & Why You Should Care About It?

source How It All Started ? Blockchain technology has become a new darling of this 21st century. But much before this technology came into existence there was a system of Digital Cash which was conceptualized by Chaum in 1983 to handle the concept of double spending, even though advanced cryptography existed at the time too, but it failed to be compatible with centralization, the anonymity of the transaction and double spending. So three decades later in 2009 Satoshi came up with Bitcoin, a world’s first decentralized currency, which replaced the digital cash centralized server signature mechanism, with…

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Ethereum, Ether And The Blockchain Ecosystem !

  source: ethereum.org I Feel: Blockchain is a new way of digital communication and transaction where everyone is powerful, and accountable, thus giving birth to the powerful democratic ecosystem for humans to thrive. This NoTrust System is really trustworthy and a new decentralized internet for the masses to go mainstream. A group of people known by pseudonym Satoshi Nakamato gave this world a truly game changing technology, which now the world knows by the name The Blockchain : A chain of decentralized public ledger or database blocks. As per Investopedia: A Blockchain is a digitized,…

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