Block Chain Technology
Fast-forward into the digital era, we are living at a time where exchange of physical assets for value has become largely a thing of the past. Currently the world is witnessing a radical shift in the financial system where digital assets are transferred directly and securely without intermediaries. Currently penned at 100M + transactions, Block chain technology is used regularly by millions of users around the globe to transact securely without hassles.
Blockchain is not one single technology, but a group of technologies including Encryption & Hashing, P2P Network Program or the Blockchain protocol, implemented together for the exchange of digital assets. Blockchain technology runs on a peer-to-peer model, unlike many other applications on the WWW running on a client-server model. Provisioning of a distributed network minimizes the risk of corruption or the impact because of failure of one of the nodes. Blockchain technology has successfully formed a transaction layer for the internet, where users use high-security keys and shared layers to transact with each other securely.