Blockchains
- Cryptocurrencies work in a decentralized form due to the technology engine called Blockchain.
- Digital ledgers add on to all the transactions happening digitally, and they can be having tons of information stored, due to them being digital.
- The problem of security is handled by encrypted signatures used to confirm ledger transactions.
- People transacting in cryptocurrencies have unique secret keys and public keys, both acting as handles to identify and verify the transactions.
- Each ledger transaction also has a unique secure handle to ensure it is approved and cannot be forged.
107
386 reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
How to develop a healthy relationship with money
How to create a budget
The impact of emotions on financial decisions
Related collections
Similar ideas to Blockchains
Three Reason Blockchain Will Rule
- Transparency: The blockchain tech is transparent, as shown in the way it handles cryptocurrencies. Each transaction has a unique identifier, which ensures easy tracking and supply chain integrity.
- Speed: Transactions are implemented at lightning fast...
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