Blockchain Development Service

Listing ID #4352059

The blockchain is a decentralized ledger that sequentially records transactions or interactions among users within a distributed network. In layperson terms, blockchains can be defined as a public spreadsheet that sequentially records transactions among users operating within a decentralized peer-to-peer network. Each new “block” has a unique identifier that is mathematically linked to the identifier of the previous block, creating a chain of blocks. Once validated by the network, blocks are added to the ledger. This makes it virtually impossible to alter or falsify blocks in the chain, resulting in a high degree of data security and integrity.
Although blockchain is one of the most hyped of these new technologies, it is also perhaps the least understood. Blockchain is the distributed ledger — a database that is shared across multiple sites or institutions to furnish a secure and transparent record of events occurring during the provision of a service or contract — that supports (digital assets designed to work as mediums of exchange).