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In this presentation we are try to explain about blockcahin & distributed network a bit. For more update visit www.capitalinvestor.biz. Here you find a lot of information on crypto currency, mining etc.
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Improvement in internet helps to connect every point all over the world easily. Anyone can easily do business, provides services by the help of internet. As a result B2B business concept present in our market.
Any business in the world sticks by the means of money only (best known as currencies). Each country has its own currency to do any business. But in case of online business trust & faith base of any business. SO people are trust any third party like bank, govt. agencies & others for transactions.
Third party like bank, Govt. agencies & other are taking lots of money as middle men. Nearly equal to 10-15% of all transactions made by all over the world. And hence all the online transactions are made over internet , some people regularly monitor its , helps to make your transaction successful. And most of the cases, its take time(2-3 days) to confirm the transactions. And hence we depend on a particular system, if it fails or hacked by any unauthorized person our money get lost. Ultimately we are deepens on a cartelized system, if it fails all work stops. So to overcome all the issues scientist comes with a new technology call as Blockchain BLOCKCHAIN
The Blockchain distributed transaction network concept introduced in 2008 by Satoshi Nakamoto. BY using this modern distributed network we can easily transact with each other without any trusted third party. By using this we can be exchange our any assets like tangible, physical or digital assets. BLOCKCHAIN Certificate Car Bond House
In Blockchain network each block (or node) is connect with another in a distributed manner. So that no central node concept is not available. In order to update the transaction there some special node named as Miner are present in the network. To update each transaction every 10min. And a open ledger present in each node that reflect the whole network transaction. Miner HOW BLOCKCHAIN WORKS
When a transaction start between two parties after completion it reflects over the network . And each node updates their open ledger, so that each and every one can see.
Each node in this network update their transaction using crypto technology called as Hash function. In case of any transaction the sender node and receiver node compare their hash function code, if it matches then only transaction is complete otherwise not. And each node n the network must check the same hash and updates their ledger automatically. HACKER In case any unauthorised enter to the network and made any changes, must have to change in all ledger in the network, it’s quite impossible. So it’s a safe mode of transaction. FEW MORE ON THE TRANSACTION
Bitcoin All the transaction made in the blockchain network made is possible by using crypto currency. Bitcoin is crypto currency used for the same in the blockchain network. Its use in blockchain network for any transaction. Instead of using card payment or net banking we can use bitcoin for payment any online transaction. As we know it’s faster & safe. Continue…..
We are happy to share more on this topic in an another slide.. Please check our profile for more updates. To get more information visit our blog : https://www.capitalinvestor.biz/ Thank You