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Blockchain technology is Transparent
The blockchain is a revolutionary technology that puts the trust from third parties into our own hands, allowing us to validate our own transactions and verify our own data.
How Exactly Does the Blockchain Work?
Technically, a blockchain is a chain of blocks, ordered in a network of non-trusted peers. Each block references the previous one and contains data, its own hash, and the hash of the previous block. In other words, it can be explained as below: a) Distributed ledger contains records in blocks (a bunch of records). b) After receiving verification, a cryptographically protected block gets added to the chain in a linear and chronological order. Like Block '1' >block '2' > block '3' > > Block 'n'. c) New block linked to the old block, giving each node to verify who owns what at a given time.
The following are just some of the benefits of the blockchain.
1) Immutability > Nothing on the blockchain can be changed save with the consensus of the network. Any confirmed transactions on the blockchain cannot be changed. 2) Permanence > What happens in the blockchain stays on the blockchain. A public blockchain will act as a public ledger meaning that as long as the blockchain remains operative, the data on it will be accessible 3) Removal of intermediaries > The P2P nature of the blockchain does away with the need of intermediaries and users interact directly with each other. 4) Automation > With the removal of intermediaries and the distributed ledger being updated in realtime by the miners, any data inputted on the blockchain is transmitted and stored
Linkites is rapidly emerging as one of most esteemed blockchain companies in India. In blockchain software development, we have a great experience with the expert team of developers of Blockchain. You will get best class Blockchain solutions with affordable rates as compared with the market.The software development team working at Linkites Technologies has a good level of intelligence in the blockchain industry.Linkites believes in quality and in your app gives advanced functional specifications utilizing the maximum advantage of the blockchain.
Some stuff we did
- Requirement Analysis
- Select Best Model and Timeline
- Project Implementation and Deployment