In this presentation there will be brief overview on what is Blockchain Technology?
What are the components in a block?
what are the applications of BlockChain technology?
2. ⇢ What is BLOCK CHAIN?
⇢ Brief History of Block Chain
⇢ Bitcoins
⇢ Distributed Ledger
⇢ Describing a Block
⇢ Example of Block Chain
⇢ Proof of Work
⇢ Peer-to-Peer Network
⇢ Recent Developments of Block Chain
3. “Block Chain”
is the structure of
data that represents
a financial ledger
entry, or a record of
a transaction. Each
transaction is
digitally signed
to ensure its
authenticity.
What is BLOCK CHAIN?
5. “Bitcoin”
is a form of
digital currency,
a new form of
money, that
is tradable
throughout
the world.
Bitcoin
6. “Distributed ledger”
is a consensus of
replicated, shared,
and synchronized
digital data
geographically
spread across
multiple sites,
countries...
Distributed Ledger
17. In a Network, If
someone creates
a New Block,
It is send to
everyone in the
Network.
Contd..
18. Each node verifies
the block to make
sure that it hasn’t
been tampered
with. If everything
checksout, each
node adds this block
to their Block Chain
Contd..