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Showing posts from August, 2022

WHY IS BLOCK CHAIN SAFE

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 IS Blockchain a safe Investment? Blockchain technology delivers decentralized security and trusts The technology permanently is new blocks in a linear and chronological order. A majority of the network can change the content of a block after they add it to the end of the Blockchain. That is because each block has its hash and the block's hash preceding it, and the timestamp described before. a mathematical procedure that converts digital data into a string of numbers and characters creates hash codes. When the network of nodes changes the information on the block, the hash code also changes. Let us imagine a hacker who controls a Blockchain node and wants to change a blockchain and steal the bitcoin from everyone else. If they changed their single copy, it would no longer match the copy of everyone else. When everyone else compares their papers, they will see that this one copy is different, and the system will mark that hacker's version of the chain as incorrect. To succeed...

BLOCK CHAIN TECHNOLOGY

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Who Invented Blockchain Technology David Lee Chaum is a well know computer scientist and Cryptographer who first introduce a block chain-which look like protocol in his year 1982 dissertation "Computer System Established,Maintained, and Trusted by Mutually Suspicious Groups". He is a Jewish Born to a Jewish family in Los Angeles in American. He is globally known as the inventor of Digital Cash which is also known as DIGI CASH. He is also known for developing E-cash, an electronic cash application and other cryptographic protocols like the Blind Signature and the Dining Cryptographers Protocol. In year 1995, DIGICASH created the first digital currency with ECASH APPLICATION. His 1981 paper, "Untraceable Electronic Mail, Return Addresses, and Digital Pseudonyms", laid the ground work for the field of anonymous communications. In year 1991 Stuart Haber and W. Scott Stornetta Cryptographically secured chains of blocks while at Bell Communications Research They a...