hello friends ,
Now i have start work with Blockchain Technology. After understand blockchain technology i realize that , It is very interesting technology . I am a software developer and I had created application for banking sectors for transfer data from kiosk machines to banks . I am trying to create blockchain applications for transfer data from person to person .
Blockchain is a method of Storing Digital Data . The data is stored in the form of blocks, which are chained together using hashes. Data file is completely Encrypted . For Encryption process we use SHA256 Encryption Algorithm and it is unidirectional so it is impossible to hack.
For Encrypt and decrypt we have a private and public key .
In Simple language data and information are stores in Block and each new block is connected to previews generated Block and this connection is called blockchain .
It is interesting topic for me . I hope it will helpful for you . I will continue it with a Example and a live application .....
To Be Continue...............