• Contact Us
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • App’s
  • Computer & Laptop & PC
  • Gadget
  • Internet & Multimedia
  • Mobile & Tablets
  • News & Advice
No Result
View All Result
  • Home
  • App’s
  • Computer & Laptop & PC
  • Gadget
  • Internet & Multimedia
  • Mobile & Tablets
  • News & Advice
No Result
View All Result
You’ve got questions, we’ve got answers through  - technodetails.com
No Result
View All Result

Different Types Of Blockchain Technology For Data Protection

John Matthews by John Matthews
August 25, 2018
Home Technology
Share on FacebookShare on Twitter

Blockchain technology is the technology which is used for all type of cryptocurrency transactions.  Blockchain is completely digitalized, decentralized, and public ledger. Blockchain stores all data in the form of block for all transactions and these blocks can be added and deleted from Blockchain in the chronological order. For all transaction of digital currency, it is good if all of its users have kept record, Blockchain technology provides this record keeping option to its all users. This record information will also download automatically in the computer which is using by users. Information is downloaded only when computer is connected to internet.

For first virtual currency which is Bitcoin, there is need for security mechanism so that users can make secure and effective transactions with complete data protection, Blockchain technology developed. In the current trend, famous distributed ledger technology (DLT) is used so that all transactions will be verifying. DLT technology is used for verifying transactions which are based on digital currencies. Blockchain technology creates block for storing information and maintain a record. This record cannot be changed at any cost and whole community is here for following Blockchain technology.

Interrelation between Blockchain and Bitcoin

According to average, a new block is appended to Blockchain within 10 minutes. There is one of most famous developed technology innovation has been done due to Bitcoin which is termed as Blockchain. There is no authority for its rules and regulation because it is decentralized technology. Only the users of Bitcoin can validate and check all digital transactions when one user is paying to other user for getting his services or goods. There is one to one relation between Bitcoin and Blockchain, no requirement for including of third party whom you can trust such as banks. All information from Blockchain is stored in blocks. Each block in whole Blockchain contains:

  • A set of all valid transactions
  • Timestamp
  • Link with previous block

Blockchain is categorized into main three categories which are public Blockchain, consortium Blockchain and private Blockchain.

  • Public Blockchain

A Blockchain, which is read by everyone and everyone can transfer digital currency to other person without any kind of doubt, is known as public Blockchain. Blockchain user will also get an option to check that transactions are valid or not for participation in the consensus process.

  • Consortium Blockchain

Consortium Blockchain is the one where a set of nodes is required for all processes which includes consensus and get controlled over it. This set of node is pre selected. Every user for validating its transaction must have to sign every block.

  • Private Blockchain

In private Blockchain, all written permissions are authorized only for one organisation while read permissions are available for all users. Auditing and database management are organization applications for using private Blockchain technology.

This Blockchain technology is used in every field. Economics status of every country is taking growth with excessive use of Bitcoin and digital currency because data protection is purpose of this technology. All payment related transaction facilities are so effective with this technology and you will also have to know about its benefits.

John Matthews

John Matthews

Related Posts

What Are The Advantages Of Guest Blogging Services?
Technology

What Are The Advantages Of Guest Blogging Services?

July 2, 2020
Email Marketing
Technology

Email Marketing: 7 Mails You Should Send To Your Lists IncludingInfographics

August 24, 2019
How to create a Successful Brand Identity for your Business
Technology

How to create a Successful Brand Identity for your Business

July 20, 2019
Effective Customer Management? 10 ChatbotPlatforms to Try
Technology

Effective Customer Management? 10 ChatbotPlatforms to Try

July 7, 2019
Next Post
Drones: The Future of Land Surveying Equipment

Drones: The Future of Land Surveying Equipment

Please login to join discussion
No Result
View All Result

Most Viewed

Create Affordable Websites
Internet & Multimedia

How to Create Affordable Websites That Get Noticed

by technodetails
October 28, 2018
0

Let us face it, not all websites are equally good. It does not take long for users to make up...

TPG Telecom sets up, is now the fourth operator in Singapore

TPG Telecom sets up, is now the fourth operator in Singapore

August 27, 2018
CNA Accreditation Test On the internet Resource

CNA Accreditation Test On the internet Resource

August 27, 2018
Personal computer Forensics – Learning What The Crooks Did Making use of their Computers

Personal computer Forensics – Learning What The Crooks Did Making use of their Computers

August 27, 2018
Obtain CCleaner as well as PC Pace Scan Pro to improve the Pace and Stability of the PC

Obtain CCleaner as well as PC Pace Scan Pro to improve the Pace and Stability of the PC

August 27, 2018

Editor Picks

Web Calls Enjoy the New Method of Telephony

Web Calls Enjoy the New Method of Telephony

August 27, 2018
Where to Get Your Phone Unlocked

Where to Get Your Phone Unlocked

August 27, 2018

Popular Posts

9apps

What Is 9apps And Why One Should Download It?

January 3, 2020
9apps

Is it safe to get applications from 9apps?

November 24, 2019

Recent Comments

  • John on Computer Hard disk Recovery – How you can Backup as well as Protect Your computer data
  • Edwards on Top HRM software in India that are promoting better employee management
  • Rhonda on The actual Perils associated with Using Information Recovery Software program
  • Grissom on Web Calls Enjoy the New Method of Telephony
  • App’s
  • Computer & Laptop & PC
  • Gadget
  • Internet & Multimedia
  • Mobile & Tablets
  • News & Advice
  • Software

© 2018 - technodetails.com

No Result
View All Result

© 2018 - technodetails.com