//How Does a Block-chain and Bit-Coin Works ?

How Does a Block-chain and Bit-Coin Works ?

The blockchain is an undeniably ingenious invention – the brainchild of a person or group of people known by the pseudonym,  Satoshi Nakamoto. But since then, it has evolved into something greater, and the main question every single person is asking is: What is Blockchain?

By allowing digital information to be distributed but not copied, blockchain technology created the backbone of a new type of internet. Originally devised for the digital currencyBitcoin,  (Buy Bitcoin) the tech community is now finding other potential uses for the technology.

Bitcoin has been called “digital gold,” and for a good reason. To date, the total value of the currency is close to $9 billion US. And blockchains can make other types of digital value. Like the internet (or your car), you don’t need to know how the blockchain works to use it. However, having a basic knowledge of this new technology shows why it’s considered revolutionary. So, we hope you enjoy this, what is Blockchain guide.

Blockchain technology is like the internet in that it has a built-in robustness. By storing blocks of information that are identical across its network, the blockchain cannot Be controlled by any single entity and Has no single point of failure.Bitcoin was invented in 2008. Since that time, the Bitcoin blockchain has operated without significant disruption. (To date, any of problems associated with Bitcoin have been due to hacking or mismanagement. In other words, these problems come from bad intention and human error, not flaws in the underlying concepts.)The internet itself has proven to be durable for almost 30 years. It’s a track record that bodes well for blockchain technology as it continues to be developed.

Image source and Reference : BlockGeek

Nirmal Ram is the Founder & CEO of pineapplem3 Inc , Co-Founder of Gene Ai Foundation & Researcher in Artificial Intelligence & Machine Learning. Born on April 1998 in Kerala ,India . He's a passionate Programmer & Developer . He believed in his work with ethics and filled with confidence. His start-up journey begins on 2016 , Skilled in handling 10+ computer Languages .He's Hard worker , Freelancer & Instructor . He started earning with his Freelancing Journey since 2017. brought up pineapplem3.com worth about $67.16 in 2016.