BLOCKCHAIN : BEYOND HORIZON "The blockchain cannot be described just as a revolution. It is the tsunami-like phenomenon, slowly advancing and gradually enveloping everything along its way by the force of its progression" A blockchain is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block a timestamp, and transaction data. The main purpose of this component of blockchain technology is to create a secure digital identity reference. Identity is based on the possesion of a combination of private and public cryptographic keys. The combination of these keys can be seen as a dexterous form of consent, creating an extremely useful digital signature. In turn, this digital signature provides strong control of ownership. The three main properties of blockchain technology which has helped it gain widespread acclaim are as follows: Decentralization Transparency immutabil...
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