Block Chain Technology

The technology was conceived and devised primarily for crypto currencies, digital currencies like the Bit-coin. In contemporary times, bit-coin is referred to as the digital gold and the total value of this currency is close to about 9 billion US dollars. Block chain technology can make other type of digital values. The functioning of the technology is encapsulated and therefore the user can use it without having to know it in detail. However, it is always recommended to have a basic notion about the technology in context before using it as this adequately simplifies the use.

The functioning of the technology is pretty much encapsulated implying that there is no need to know about the working of the block chain technology in detail, a fundamental idea about the working of the technology is more than sufficient for individuals using it. In simpler terms, this technology can be defined as a … Read the rest