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What is Blockchain Technology?

The Blockchain technology is unrivaled and in upcoming days it will acquire by most of the companies for data security. It is an unfaltering list of growing of records which are known as u201cBlocksu201d which are linked and secured by cryptography. Check out our new PDF that will surely help you in finding the more about Blockchain Technology. https://bit.ly/2GZ92Kj

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What is Blockchain Technology?

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  1. CONSAGOUS TECHNOLOGIES PVT. LTD. What is Blockchain Technology?

  2. Presentation Summary • What is Blockchain • Benefits • Differences between Blockchain and Bitcoin TOPICS COVERED TODAY

  3. What is Blockchain Technology? • Blockchain is an unfaltering list of growing of records which are known as “Blocks” which are linked and secured by cryptography. • Blockchain technology allows the distribution of digital information securely and constitutionally resistant to modification of the data. • In blockchain technology, each block comprises a hash pointer to link a previous block of transaction data. • It is very unassailable technology and typically maintained by a peer-to-peer network that collectively follows to a protocol for authentication of new blocks. • Once data is recorded in a given block, cannot be changed without the permission of all subsequent blocks and connivance of the network majority.

  4. BENEFITS OF BLOCKCHAIN TECHNOLOGY BLOCKCHAIN DURABILITY AND ROBUSTNESS TRANSPARENT AND INCORRUPTIBLE FASTER TRANSACTIONS LOWER TRANSACTION COSTS PROCESS INTEGRITY

  5. BLOCKCHAIN DURABILITY AND ROBUSTNESS • The blockchain is a backbone technology behind Bitcoin, • The potential of this technology has truly using by multiple industries to make work processes more secure, democratic, clean and efficient. • The blockchain has decentralized networks, due to this it does not have any central point of failure. TRANSPARENT AND INCORRUPTIBLE • It is functioning like a self-auditing ecosystem and reconciles every transaction in the intervals ten-minute. • Changes occurred in block chain is viewable by all parties which maintain transparency and security of all the transactions without altering original data.

  6. FASTER TRANSACTIONS • Popular digital currency, Bitcoin uses this technology to make its transaction smooth and faster. • Blockchain has the ability to increase the exchange of secure data and to transfer data in a simpler way between entities. • Blockchain transactions can reduce transaction times to minutes and are processed 24/7. LOWER TRANSACTION COSTS • Blockchain technology eliminate the third party intermediaries and overhead costs for exchanging assets, block chains have the potential to greatly reduce transaction fees. PROCESS INTEGRITY • it makes the transaction easier and secure than previous. • This technology has used the protocol command that removes the needs of the third party which directly maintain the process integrity.

  7. Differences between Blockchain and Bitcoin BLOCKCHAIN BITCOIN The blockchain is a system in which each block is connected with the previous block through the Hash key. Bitcoin is a digital currency, also known as crypto-currency. It was created to speed up the transactions cross-border. Introduced by Satoshi Nakamoto as open-source software in 2009. It was introduced by Satoshi Nakamoto in 2008 Bitcoin is managed by the peer-to-peer network without the need for intermediaries A blockchain is managed by a peer-to-peer network Each block of Blockchain represents a certain transaction that has been made on the network. You can earn Bitcoins as a reward. It can be exchanged with other products, currencies, and services. Once a data is recorded in the blockchain, no one can alter it or erase it. Bitcoin can be used in businesses to manage supply chains and transactions.

  8. Get in Touch HERE'S HOW TO REACH US ADDRESS 119 Nueces St Austin, Texas 78701, USA WEBSITE www.consagous.com PHONE +1 (512) 488 3568 EMAIL projects@consagous.com

  9. LET THIS INSPIRE US: A BIG BUSINESS STARTS SMALL. RICHARD BRANSON

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