In times when technology breach is very easy, we need a cyber security basic knowledge.
At that time blockchain technology was the best introduction in the sphere of or realm of technology. To know more pls read the following passages.
Blockchain is a not so very latest type of new thing in the technology environment. It has been a little long in the tech game. It is majorly used in all types of cryptocurrencies. for example, the one which rules the most in recent types, the one which was in the highest demand. Bitcoin.
So, what is this blockchain? Is it essential? For modern times?
The title of this invention is very simple and direct on how this system works. Block means numerous multiple blocks and chain means shackles. The iron type of tool to tie things. Like in Tarzan the wonder car – movie released in 2008 – we saw the boy chained his car wheel with some iron things. Those are called iron chains. To be more advanced – the shackles.
So, in conclusion, all these boxes do form a chain. Which are connected in some coded manner. The main twist is that there is a block. So now it has been tied either with the next block or the previous block. It could also be both the way; this case is the general scenario. future
The main use of block chain according to the current scenario Is in banking sector. All the info has been linked to each other. Every bank server has its own set up which puts us on the next level of discussion which is finite
Blockchain is a finite concept. Meaning that it has a limited set of blocks. Every company or organization has its block chain server and parallel setup.
The future scope
In the coming future, all the technology will have a good cover of block chain technology. For eg the metaverse. To keep user data safe and secure we would need some source that could be trusted.
In block chain if there is a break in, in privacy of any user than the blocks code doesn’t match the previous and the next blocks. So as a result, it does fail the whole system.