Aywenz IT Solutions

A blockchain is a decentralized ledger that contains data about all transactions performed across a peer-to-peer network. Transactions are recorded by time and grouped into back-linked blocks that are crypto graphically secured and organized in chains. The transaction data contained in these blocks is immutable, and is considered to be trusted and secured. It is a revolutionary technology that will enhance cyber security and change the way businesses make transactions. The concept of the blockchain was initially described by Satoshi Nakamoto .First introduced in 2008 as the mechanism behind the crypto-currency Bitcoin , blockchain is now recognized as the most influential technology for the future of business. Since then, blockchain - based startups have appeared in various industries including banking, education, social media, and security . Pros of blockchain technology 1.Empowered Users are in control of all their information and transaction. 2.High quality data The...

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 currency, Bitcoin , (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. Here the Information held on a blockchain exists as a shared — and continually reconciled — database. This is a way of using the network that has obvious...