raaman
Valued Contributor
Knowing Blockchain Technology.
Blockchain technology is poised to transform the information technology industry just as open-source software did a decade ago. Just as Linux has been at the center of modern application development for almost a decade, blockchain is the best way to share information in the years to come, and it can be done with ease and cost-effectiveness on both Open and Private Networks.
However, a lot of hype was created around blockchain technology. It is because people felt it would completely change the future technology. This is also true to a large extent, but it doesn't make sense to talk like this, rather we need to understand blockchain technology as a whole and think about its different aspects. It is true that the speed of blockchain adoption is average.
But technologists believe that this speed is going to gradually increase in the following years, which is good news for all. In future this technology is going to change the whole world. Blockchain is a digital ledger. But do you know what a ledger is? A ledger is a book that maintains such accounts, where debit and credit transactions are posted from the book where the original entry is.
Blockchain technology is poised to transform the information technology industry just as open-source software did a decade ago. Just as Linux has been at the center of modern application development for almost a decade, blockchain is the best way to share information in the years to come, and it can be done with ease and cost-effectiveness on both Open and Private Networks.
However, a lot of hype was created around blockchain technology. It is because people felt it would completely change the future technology. This is also true to a large extent, but it doesn't make sense to talk like this, rather we need to understand blockchain technology as a whole and think about its different aspects. It is true that the speed of blockchain adoption is average.
But technologists believe that this speed is going to gradually increase in the following years, which is good news for all. In future this technology is going to change the whole world. Blockchain is a digital ledger. But do you know what a ledger is? A ledger is a book that maintains such accounts, where debit and credit transactions are posted from the book where the original entry is.