Blockchain
Although most people think of blockchain technology in relation to cryptocurrencies such as Bitcoin, blockchain offers security that is useful in many other ways. In the simplest of terms, blockchain can be described as data you can only add to, not take away from or change. Hence the term “chain” because you’re making a chain of data. Not being able to change the previous blocks is what makes it so secure. In addition, blockchains are consensus-driven, so no one entity can take control of the data. With blockchain, you don’t need a trusted third-party to oversee or validate transactions.
52
371 reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about personaldevelopment with this collection
How to practice self-compassion
How to identify and challenge negative self-talk
How to build self-confidence
Related collections
Similar ideas to Blockchain
Blockchain Beyond Cryptocurrency
While blockchain technology is best known for powering cryptocurrencies like Bitcoin, its applications extend far beyond digital finance.
Blockchain’s decentralized, secure nature is being harnessed for supply chain management, healthcare re...
What's in a Blockchain BLOCK?
Each blockchain block contains:
- Data: depends on the type of chain. Bitcoin stores the sender, receiver, and amount.
- Hash: a fingerprint that identifies the block. If the content changes the hash will not match and the interference will be dete...
Proof of stake
Similar to Proof-of-work, Proof-of-Stake is a consensus mechanism which underpins security of the blockchain by preventing doubles...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates