In the previous post, I had explained the uses of cryptography in the blockchain. This post provides an overview of the use of hash functions in blockchains. The electronic coin is an essential feature of every blockchain, albeit the exchange of cryptocurrency may not be the use case. Blockchains can be used for other purposes […]
In my previous post, I had given an overview of what blockchain technology is. If you haven’t read that, you can take a look here. grep crypto* blockchain As mentioned before, blockchain technology was created to support the bitcoin cryptocurrency. As the word cryptocurrency suggests, bitcoin certainly requires cryptography and so does the blockchain. Bitcoins […]
Before I answer your question, let me ask you something.What are Bitcoins?If you don’t know the answer, read on, since understandingthe blockchain is only possible with an example. Bitcoin Bitcoin is a decentralized cryptocurrency, which is exchangedover a peer-to-peer network. When people speak about “bitcoin”,they mean the network which supports bitcoin or the cryptocurrencyexchanged on […]
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