(image-source: official site of blockchain )
Everyone nowadays are concerned about blockchain and bitcoins and other cryptocurrency. This is what i learnt...
Blockchain is nothing but digitized and public book of all cryptocurrency transaction which allows market participants to keep track of digital currency transactions without central recordkeeping like Bitcoin , Ether(Ether is currency of Ethereum).
Blockchain will grow so powerful oneday that it will change the The Future Of Human Rights
Blockchain helps by embedding contracts in digital code which are stored in shared databases which are being protected from getting deleted, meddling, and rewritten.
If every agreement, every process, every task, and every payment would have a digital record and signature that could be identified, validated, stored, and shared. Mediator like lawyers, brokers, and bankers might no longer be necessary which means that there is less chance for hacker to break into a data source, they would need to break into all of the computers in the distributed network at the same time or simply they have to access every computer as blockchain are linked in peer to peer global network
Many researchers claims if there's to be a blockchain revolution, many barriers in technological as well as governance, organizational, and even societal—tenacity have to fall. But thats just the matter of time.
Pros and Cons of BlockChain