Introduction to Blockchain and its Significance
Blockchain – The Disruptive Technology of the Decade Blockchain is the technology that is creating a buzz in recent years and is being dubbed as the most disruptive technology of the decade. It has the potential to affect various industries including finance, healthcare, insurance, smart properties, automobiles, and even governments.
Understanding Blockchain through Bitcoin
The most successful implementation of blockchain technology is the Bitcoin – A Peer-to-Peer Electronic Cash System. This is also the first implementation of blockchain technology and thus to understand blockchain, it is best to understand the design and implementation of Bitcoin System.
Conceptual Understanding of Blockchain Architecture
In this article, you will learn about what is Blockchain, its architecture, its implementation, and various features. The article will focus on providing a conceptual understanding of blockchain architecture for both novice and professional audience, using Bitcoin implementation as an example.
The Need for Blockchain
Technology Before delving into the intricacies of blockchain, it is important to understand why the need for this new technology emerged. The answer to this question lies in the issue of Double-Spending.