Benefits of Social Media

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Benefits of The Using of Social Media Social media has changed the way we communicate today. It is in our best interest to be aware of all of the new possibilities for managing our online reputation. In the scenario of using social media like Facebook, Twitter, Instagram, or whatever it is, using the social media , lines between professional and personal and their differences also started to become blurred and many times, we love to refer to the existence of our online presence as our “personal brand”. Your personal brand can be included with both “personal” and “you”.   Here are some useful benefits of using social media:-   1. Build relationships. Social media is not just for brands to connect with their customers. In fact, the core of it is about social media connecting people with people. From a professional perspective, you can greatly enhance your professional network online by connecting with colleagues, mentors, role models, and other professionals. If yo...
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Blockchain Technology

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Blockchain Technology

Features and History

- Knowledge Canvas

 

Blockchain, Cryptocurrency, Bitcoin, Exchange, Network


Meaning Of Blockchain Technology

 

Blockchain Technology is the structural representation that stores and receives records of transactions in public blocks in different DBs, mostly recognized as a chain in an N / W that connects Peer 2 peer nodes. Typically, this storage is often referred to as a "digital laser".

 

When we are talking about digital ledger, every transaction that is done and approved by the owner with a "digital signature" is safe from scams and proof of authenticity.

 

Now the funny thing about Blockchain Technology is that it is a spreadsheet that keeps a record of all the transactions that have been made and moved, it will save the record in Google spreadsheet and anyone can check the transaction but it cannot interrupt or change it.

 

Blockchain Technology is one of the most widely used cryptographic technologies of this era, using blocks of transaction records and containing cryptographic hash functions to protect each block from its depreciation.

 

Blockchain Technology is commonly used for transactions, money transfers, digital checks, and much more. Why? Because it is a secure channel that provides protection against hackers and malicious activities of hackers.

 

Crypto Currency, Bitcoin, Blockchain, Crypto, Exchange


History of Blockchain Technology

 

In 1982, there was a cryptographer named "David Cham" who first came up with the idea of ​​"Blockchain-Protocol" for computer systems, installations, and maintenance from mutually exclusive groups.

 

Then in 1991, the protected blocks of cryptography were introduced by W. Scott Stornetta and Stuart Harber. They took the initial steps to create a system so that document timestamps could not interfere.

 

Satoshi Nakamoto was the first person to come up with the concept of Blockchain Structure in 2006.

 

He improved the design and ensured that the timestamps of a document should be digitally signed by a trusted party.

 

Some Key Features Related to Blockchain Technology


Bitcoin, Blockchain, Crypto, Cryptography, Network


  • Structure:

A Blockchain is a basic structural unit and a decentralized, public, and often distributed where the digital laser is responsible for capturing record blocks that are primarily used to record transactions with bulk computers so that a random computer can tamper with any chained block without tampering. Temperature cannot be used.

 

Basically, a Blockchain uses the DB Peer 2 peer network and can operate autonomously. These types of structures should be visible and they provide visibility through peer 2 peer networks and minimize interference and change in records.

 

  • Blocks:

Blocks are nothing but batches of encoded code.

Transfer Blockchain Technology and use encrypted cryptographic transaction blocks to prevent and minimize transactions.

 

Integrity in Blockchain Technology is very high and cryptic which makes it difficult for others to infiltrate or disrupt the spreadsheet environment that stores transaction data.

 

  • Block time:

What happens in Blockchain Technology is that it usually takes time to create blocks in ongoing transactions, usually, it takes a few seconds and a few minutes to create blocks and connect them to a chain and send them for further transactions.

 

Use of Blockchain Technology


Blockchain, Cryptocurrency, Finance, Money, Digital


  • Cryptocurrency:

Blockchain is very important in Cryptocurrency due to security, hash code, encrypted method, etc. eg bitcoin.

  • Smart Agreement:

Blockchain Technology is a common intermediary between two entities or entities that chooses a platform and agrees to a general decision and accepts the smart agreement. Such as: application creation.

  • Healthcare:

A recent Wall Street article found that a firm provides information on recent Covid-19 cases in local and government hospitals.

  • Financial Services:

Blockchain Technology uses a digital laser which is a huge demand from banks and that is why so many money transfer mediums are created. Such as: Bhim, G-Pay, etc.

  • Video Games:

Online game sales websites and applications use these models and Blockchain Technology to earn more and distribute games to everyone. Such as: steam etc.

  • Domain Name:

When a firm or a group starts a new business they start by creating a website or application and the first step is securing a domain name and this can be done with the help of blockchain technology.

 

Blockchain, Bitcoin, Cryptocurrency, Exchange, Virtual


Types of Blockchain Technology

  • Private Blockchain:

This is only possible if the administrator permits anyone to join private Blockchains.

 

  • Universal Blockchain:

Universal Blockchains have no restrictions and are open to all.

 

  • Sidechains:

This sidechain specifically comes with a feature that runs parallel to the primary Blockchain.

 

  • ·        Hybrid Blockchain:

It is a combination of centralized and decentralized features.

 

Blockchain, Technology, Exchange, Security


FAQ (Frequently Asked Questions) Related To Blockchain Technology

 

Question 1. What is a blockchain?

A blockchain is a structural representation that stores and receives records of transactions in public blocks in different DBs, mostly recognized as a discipline in an N / W that is connected to peer 2 peer nodes. Typically, this storage is often referred to as a "digital laser".

 

Question 2. What are the 3 strong pillars of blockchain technology?

  • Transparency
  • Immutability
  • Decentralization

 

Q3. What is blockchain technology used for?

Cryptocurrency: Blockchain is very important in cryptocurrency due to security, hash code, encrypted method, etc. eg bitcoin.
Smart Agreement: Blockchain technology is a common intermediary between two entities or entities that chooses a platform and agrees to a general decision and accepts the smart agreement. Such as: application creation.
Healthcare: A recent Wall Street article found that a firm provides information on recent Covid-19 cases in local and government hospitals.
Financial Services: Blockchain technology uses a digital laser which is a huge demand from banks and that is why so many money transfer mediums are created. Such as: Bhim, G-Pay, etc.

 

Q4. What kind of data can blockchain store?

  • Hash data
  • Encrypted data
  • Nonce
  • Code block
  • Previous hash

Bitcoin, Blockchain, Business, Currency, Crypto

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