Photo by Terry on UnsplashThe blockchain is one of the most noteworthy, essential developments in digital platforms since the internet and also perhaps the most vaunted equipment in current times, according to many researchers. They see blockchain as the baseline technology that can lead to numerous benefits in the fourth coming time. Apart from being of great use, the dark side of blockchain cannot be unseen.Nope! It\u2019s not similar to bitcoins!With time, it has now become the source of a great deal of fraud and illegal activities over the internet. It is at times considered to be cyber-crime. Every technology has something good as well as something bad. Blockchain technology has been sparking countless innovations across the world in all areas. People often get confused with bitcoin and blockchain. They are not similar. The blockchain is certainly not about money.But it is the technology underlying bitcoin and other cryptocurrencies. It\u2019s not essentially about destroying governments and substituting them with purely private, dispersed systems, even though it is a system that produces a new kind of dispersed structure. The basic impression behind blockchain is that one can believe in the structure as a whole without essentially trusting any of the contributors.The structures of cryptographyThe blockchain is nothing more than a ledger that records transactions in its database that is distributed among people in a network. Everybody on that system has their facsimile of the record. It is based on mathematical structures of cryptography. Every copy is the same. There is only one ledger in any given blockchain network, and everyone works off that record. Each of the participants gets a copy of the ledger and add-ons to the database cannot be changed.There is no need for a reliable organization to be in the mid to charge fees or interrupt transactions. Everyone\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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