Get to know Blockchain |
What is Blockchain?
In theory, the technical explanation of blockchain is the arrangement of a series of blocks in a decentralized and trusted network.
Block function of each unit of data stored on the blockchain can detail and describe the transaction value.
Each blockcan store data on the number of outstanding assets, digital certificates, digital shareholdings.
Inside the block consists of a collection of information about who interacts with the data operated using the public key set of each user's wallet.
Inside the block there is also a code called a hash code, a Hash code is a random line of characters created from an arithmetic function. One character that changes the data in the blockchain will affect the hash code.
The block created will then be passed to the next block if there is a change in the data in it and of course with the new hash code.
This process will run continuously, to add 1 block requires very high computing power because the most likely way to be able to crack the hash code is to do brute force.
The definition of brute force is an effective method to break encryption by entering a combination of characters one by one, to ensure whether the verification is successful or not. The most appropriate type of computer to perform brute force is a computer that has a processor specification with multitasking performance and high rendering (floating operation) such as a GPU (Graphic Processing Unit) or a VGA card.
Blockchain Network
Blockchain contained in a system usually does not consist of only one series. Once there is a transaction, the data changes are immediately distributed to all peers in a system.