BlockChain

FAQ About BlockChain

BlockChain BlockChain
11 months ago | gizem

What is BlockChain?

BlockChain is a technology where data is stored on a distributed network without the need for any authority. 

BlockChain BlockChain
11 months ago | gizem

What is BlockChain used for?

BlockChain is technology that provides transfer and data security. It can be used in so many areas from health to food, banking to everything that requires a digital identity. 

BlockChain BlockChain
11 months ago | gizem

How BlockChain works?

As you can see by the name data is stored in blocks. Computers working connected to a network called miner bring together the processed data, archive it in harmony with encryption standarts and turn it into blocks. 

BlockChain BlockChain
11 months ago | gizem

Who invented BlockChain?

It all started with Alan Turing’s article. Secured chain of blocks is defined for the first time by Stuart Haber and W. Scott Stornetta. However, it is Satoshi Nakamato that takes it’s place in our lives in today's sense. He published a white paper about BlockChains and brought it into our lives as it is today. 

BlockChain BlockChain
11 months ago | gizem

Can blockchain be used for voting?

Although its safety is not yet certain, it is still being tested today. Since it is an end-to-end technology, the fact that there will be no other forces between the addressee and the address to which the vote is sent is a positive aspect, but it is not used yet because there will be many missing points.

BlockChain BlockChain
11 months ago | gizem

How does Blockchain support Bitcoin?

Since Blockchain acts as a digital ledger and Bitcoin is a cryptocurrency which is 'digital cash' so it can only exists online. Blockchain helps Bitcoin to exist.

BlockChain BlockChain
11 months ago | gizem

Can anyone start a blockchain?

Yes, in principle a person with a knowledge can start a blockchain. In fact even a computer can start a blockchain with the right codes.

BlockChain BlockChain
11 months ago | gizem

Are there different types of BlockChain?

Yes, currently there are several types of Blockchain. Although it mostly improve in Bitcoin, we have another very popular Blockchain which is Ethereum.Ethereum Blockchain is more energy efficient, use protocols to validate transactions.

BlockChain BlockChain
11 months ago | gizem

Can BlockChain be used outside the cryptocurrency field?

There are many potential avenues for the use of blockchain, though, so far, it has been used more as a proof-of-concept and not yet fully implemented. It can be used in many areas from health to education.

BlockChain BlockChain
10 months ago | gizem

What are four types of blockchain structures?

  • Public Blockchains
  • Private Blockchains
  • Consortium Blockchains
  • Hybrid Blockchains
BlockChain BlockChain
10 months ago | gizem

What type of records can be kept in a blockchain?

Block records and transactional records. Both these records can easily be accessed, and the best thing is, it is possible to integrate them with each other without following the complex algorithms.

BlockChain BlockChain
10 months ago | gizem

How do Blockchains function like ledgers?

Blockchain, sometimes referred to as Distributed Ledger Technology (DLT), makes the history of any digital asset unalterable and transparent through the use of decentralization and cryptographic hashing.

Already a member? Login.

Share Channel In Social Media
             https://faqabout.me/iam/blockchain 
            
Add Questions Dynamically To Your Website
            <div class="faq-container"></div><script channelShortName="blockchain" id="faq-question-list-script" src="https://static.faqabout.me/widgets/question-list-widget.min.js"></script>
                        

Place this code where you want the questions and answer appear on your website.