What is blockchain technology?
Ethan Blockchain is a technology, based on which Bitcoin and other cryptocurrencies have been discovered. Each transaction is in this blockchain. It's open to all. To get a transaction to open, the blockchain network will have to be agreed to by the top of the node (computer or a special type of computer. There is also an algorithm for this consent.
Finally, a complex mathematical problem has to be solved,, called Proof of Work. The people who do this are called miners. The first one who can solve the problem is, he will get Bitcoin as a reward. Previously it was 25, now 12.5 Bitcoins. It's half a block, chain technology protocol.
Miners are voting to agree again. There are a lot of mines. That is why cryptocurrency transactions can't be fraudulent or false. Ethereum is one of the most popular cryptocurrency and you can cash ethereum to paypal
.Anyone in the world can buy a reliable computer or machine with special powers and join the network and become a, even earn some money. The potential of this blockchain technology is immense.
For example,, if blockchain technology is used in ownership of homes and land,, it would be impossible to counterfeit ownership or documents. It's open, to everyone to know who owns the place.