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Blockchain is a decentralized and distributed digital ledger technology that records transactions across many computers in a way that the registered transactions cannot be altered retroactively. This technology underpins cryptocurrencies like Bitcoin and Ethereum, but its applications extend far beyond digital currencies. Here are some key features and concepts related to blockchain: Understanding blockchain technology…
Bitcoin is a decentralized digital currency that was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. It operates on a peer-to-peer network, allowing users to send and receive payments without the need for a central authority or intermediary, like a bank. Key features of Bitcoin include: Bitcoin…
What is P2P(Peer-to-peer process) ? A distributed organization is a straightforward organization of PCs. It originally appeared in the last part of the 1970s. Here every PC goes about as a hub for document sharing inside the framed organization. Here every hub goes about as a server and in this way there is no focal…
Decentralized Apps (Dapps) are software applications that operate on a decentralized network, typically leveraging blockchain technology. Unlike traditional applications that run on a centralized server, Dapps utilize a peer-to-peer network, allowing them to be more resilient, transparent, and censorship-resistant. Key characteristics of Dapps include: Dapps can span a variety of sectors, including finance (DeFi), gaming,…