BlockChain!!
Blockcahins was first invented in 2009 by Satoshi Nakamoto. At the beggining it was just him, Satoshi. Later some crypto-geeks came to the scene then some others adopted the technology. Recent years have been the professionalism of the technology and yet to be completed.
Distributed sysytems
peer-peer networks
Hashing function
Public-private key cryptography
Cryptographic signatures
Elliptic curve cryptography
___ Its all about decentralized transactions
Decentralized, No middleman required
Fraud detection and security
Trusted transactions
Anonymous/private
Distrubuted
Return to peer to peer
Fast transactions
Trustless trusst
Minimal cost
No chargebacks
Transparency
Limited transaction fee
Easy to create your own block chains, Each seperates and runs its own blockchain.
Value trasferred in each blockchain is primarily its own currency.
Blockchain is an implementaion of a ledger, ledger record transactions. The transactions are strictly time based, once a transaction is recorded it cannot be alterted and if any alteration has made you're able to detect it.
Blockchain is a Distributed network system. You can find many, equal nodes in the network. Each node is connected to multiple nodes. As it is distributed, blockchain is very flexible to failiure and attacks. Whenever 2 nodes are connected you can access the network.