The perfect choice of one-stop service for diversification of architecture.
Blockchain Technology Explained: Powering Bitcoin
Microsoft recently became the latest big name to officially associate with Bitcoin, the decentralized virtual currency. However, the Redmond company did not go all out, and will only support bitcoin payments on certain content platforms, making up a tiny fraction of its business.What is The Big Deal With Bitcoin?Like most good stories, the bitcoin saga begins with a creation myth. The open-source cryptocurrency protocol was published in 2009 by Satoshi Nakamoto, an anonymous developer (or group of bitcoin developers) hiding behind this alias. The true identity of Satoshi Nakamoto has not been revealed yet, although the concept traces its roots back to the cypher-punk movement; and there's no shortage of speculative theories across the web regarding Satoshi's identity.Bitcoin spent the next few years languishing, viewed as nothing more than another internet curiosity reserved for geeks and crypto-enthusiasts. Bitcoin eventually gained traction within several crowds. The different groups had little to nothing in common â ranging from the gathering fans, to black hat hackers, anarchists, libertarians, and darknet drug dealers; and eventually became accepted by legitimate entrepreneurs and major brands like Dell, Microsoft, and Newegg.While it is usually described as a "cryptocurrency," "digital currency," or "virtual currency" with no intrinsic value, Bitcoin is a little more than that. Bitcoin is a technology, and therein lies its potential value.This is why we wo not waste much time on the basics â the bitcoin protocol, proof-of-work, the economics of bitcoin "mining," or the way the bitcoin network functions. Plenty of resources are available online, and implementing support for bitcoin payments is easily within the realm of the smallest app developer, let alone heavyweights like Microsoft. Looking Beyond The Hype â Into The BlockchainSo what is blockchain? Bitcoin blockchain is the technology backbone of the network and provides a tamper-proof data structure, providing a shared public ledger open to all. The mathematics involved are impressive, and the use of specialized hardware to construct this vast chain of cryptographic data renders it practically impossible to replicate.All confirmed transactions are embedded in the bitcoin blockchain. Use of SHA-256 cryptography ensures the integrity of the blockchain applications â all transactions must be signed using a private key or seed, which prevents third parties from tampering with it. Transactions are confirmed by the network within 10 minutes or so and this process is handled by bitcoin miners. Mining is used to confirm transactions through a shared consensus system, and usually requires several independent confirmations for the transaction to go through. This process guarantees random distribution and makes tampering very difficult.While it is theoretically possible to compromise or hijack the network through a so-called 51% attack the sheer size of the network and resources needed to pull off such an attack make it practically infeasible. Unlike many bitcoin-based businesses, the blockchain network has proven very resilient. This is the result of a number of factors, mainly including a large investment in the bitcoin mining industry.Blockchain technology works, plainly and simply, even in its bitcoin incarnation. A cryptographic blockchain could be used to digitally sign sensitive information, and decentralize trust; along with being used to develop smart contracts and escrow services, tokenization, authentication, and much more. Blockchain technology has countless potential applications, but that's the problem â the potential has yet to be realized. Accepting bitcoin payments for Xbox in-game content or a notebook battery does not even come close.So what about that potential? Is anyone taking blockchain technology seriously?Originally published at DreamiFly.
â â â â â â
Please explain me what is blockchain and how is it useful?
Blockchain Technology is an upcoming term mostly heard in relation to the cryptocurrencies. This record-keeping tech is very important for bitcoins. In addition to this one can also see the use of Blockchain technology in sectors like banking and investing. It also enables a community of users to control the revision and any necessary updates for the record of information. On this level Blockchain technology seems quite similar to Wikipedia. In Wikipedia, a number of users contribute to a single content. But the main difference between the 2 is in their digital backbone. Wikipedia has a highly protected centralized database. The total control over this centralized database lies with the owner. The owner manages all updates, accesses and also protecting against any cyber threats. On the other hand, for the distributed database of the Blockchain technology, every node in the network has to come to the same conclusion while each updating the record independently. Thereafter only the most popular record is held at the official record instead of the existing master copy.
{"site":{"site_id":3483,"site_type":1,"site_domain":"digahousing.com","domain_mode":1,"original_domain":"digahousing.com","language_code":"ar","is_init_domain":0,"is_shop":false,"is_ssl":1,"lang_prefix":"/","animate_name":"animate__fadeIn"},"page":{"page_id":35421,"page_type":"ai_article_detail","page_code":423,"page_url":"/ai-article/blockchain-technology-explained-powering-bitcoin.html","page_source":"","allowAnimat":0,"content_id":4008,"content_type":5,"detail_thumb":"https://img.yfisher.com/1628470608578.jpg","detail_title":"Blockchain Technology Explained: Powering Bitcoin","moq":1},"translateList":{"A new item has been added to your Shopping Cart":"تمت إضافة عنصر جديد إلى سلة التسوق الخاصة بك","account":"الحساب","Account Name":"أسم الحساب","Account Number":"رقم حساب","Account is not exists":"الحساب ليس موجودا","account security":"أمن الحساب","Active Commission":"لجنة نشطة","Add a review on the product":"أضف مراجعة على المنتج","Add to":"اضف إليه","Add to Cart":"أضف إلى السلة","address book":"دليل العناوين","affiliate links":"روابط تابعة","all":"الكل","All Orders":"جميع الطلبات","Already commented":"وعلق بالفعل","Are you sure to cancel this withdrawal?":"هل أنت متأكد من إلغاء هذا الانسحاب؟","Are you sure to delete the selected items?":"هل من المؤكد أنك تحذف العناصر المحددة؟","Are you sure you want to delete it?":"هل أنت متأكد أنك تريد حذف ذلك؟","Awaiting Payment":"انتظار الدفع","Awaiting Shipment":"في انتظار الشحن","Back":"خلف","Bank Transfer":"حوالة بنكية","bank address":"عنوان البنك","basic information":"معلومات اساسية","Buy":"يشتري","Buy Now":"اشتري الآن","bank name":"اسم البنك","city":"مدينة","Copy successful":"نسخ ناجحة","Copy failed":"فشل النسخة","Can Extract":"يمكن استخراج","Currency Type":"نوع العملة","Cancel":"إلغاء","Cancel the success":"إلغاء النجاح","Cancelled":"ألغيت","Choose a country":"اختر بلد","Choose Coupon":"اختر كوبون","Choose items":"اختر العناصر","Clear":"صافي","Clear Search":"مسح البحث","Comment Successful!":"التعليق ناجح!","Comment Failed!":"فشل التعليق!","Commission Details":"تفاصيل اللجنة","Commission":"عمولة","Commission Status":"حالة اللجنة","commodity payment":"دفع السلع","completed":"completed","Completed":"منجز","Condition not met":"الحالة لم تتحقق","Confirm":"يتأكد","Confirm password is inconsistent with new password":"تأكيد كلمة المرور غير متناسقة بكلمة مرور جديدة","Congratulations":"تهانينا","Congratulations! You are got a coupon.":"تهانينا! لديك قسيمة.","Congratulations! You are got all coupons.":"تهانينا! لديك كل كوبونات.","Continue":"استمر","Continue Shopping":"مواصلة التسوق","Copy the code and use it directly in the shopping cart.":"انسخ التعليمات البرمجية واستخدامها مباشرة في عربة التسوق.","Country":"بلد","Coupon code":"رمز الكوبون","Coupon List":"قائمة الكوبون","Date":"تاريخ","days after receiving":"أيام بعد استلامها","Design customization":"تصميم التخصيص","Do not use any discount":"لا تستخدم أي خصم","Earliest":"باكرا جدا","Export successful":"تصدير ناجح","Export failed":"فشل التصدير","email":"البريد الإلكتروني","email format does not match":"تنسيق البريد الإلكتروني غير متطابق","Estimated Delivery Time":"يقدر وقت التسليم","Effective Order Count":"عدد الطلبات الفعالة","Effective Sale Amount":"مبلغ البيع الفعال","Expense":"مصروف","expired":"منتهية الصلاحية","export a report?":"تصدير تقرير؟","Failed to upload files.":"Failed to upload files.","FAQ":"FAQ","Find Parts":"العثور على أجزاء","for order over":"للطلب أكثر من ذلك","Free":"حر","Free Quote & Information Request":"طلب اقتباس مجاني ومعلومات","Free Shipping":"الشحن مجانا","Get":"احصل على","Get coupons":"الحصول على كوبونات","Get discount":"الحصول على خصم","Get it":"احصل عليه","Get it after logging in and use it in the shopping cart.":"احصل عليه بعد تسجيل الدخول واستخدامها في عربة التسوق.","Go to Page":"انتقل إلى صفحة","Highest Price":"اغلى سعر","home":"الصفحة الرئيسية","Hot Sale":"عرض ساخن","Income":"دخل","Incorrect form format":"تنسيق شكل غير صحيح","Inquiry":"استفسار","join guide":"دليل الانضمام","Last 30 days":"آخر 30 يومًا","Last 7 days":"اخر 7 ايام","Links report":"تقرير الروابط","Loading":"جار التحميل","Lowest Price":"أقل سعر","Match Product":"تطابق المنتج","Merchant Free Shipping":"التاجر شحن مجاني","message":"رسالة","Most Popular":"الأكثر شعبية","my account":"حسابي","my coupons":"كوبونات بلدي","my inquiry":"استفساري","my orders":"طلباتي","my reviews":"مشاريعي","my wishlist":"قائمة امنياتي","name":"اسم","New Arrival":"قادم جديد","Newest":"الأحدث","No Quotation":"لا اقتباس","No time limit":"لا يوجد حد زمني","Not deleted":"لم يتم حذفها","not valid yet":"غير صالح بعد","Off":"عن","Offers and Discounts":"العروض والخصومات","ok":"موافق","Only DOC,DOCX,PDF,PNG,JPEG and JPG files can be uploaded":"يمكن تحميل ملفات DOC و DOCX و PDF و PNG و JPEG و JPG فقط","optional":"اختياري","order notes":"ترتيب ملاحظات","Order over":"النظام","order id":"رقم التعريف الخاص بالطلب","order status":"حالة الطلب","order amount":"كمية الطلب","Orders Report":"تقرير الأوامر","Other":"آخر","Password contains at least numbers and letters length should be 6-20":"تحتوي كلمة المرور على الأرقام على الأقل ويجب أن يكون طول الحروف 6-20","Password is invalid":"كلمة المرور غير صالحة","Password length should be 6-20":"يجب أن يكون طول كلمة المرور 6-20","Paypal":"باي بال","paypal payment":"الدفع باي بال","Pending":"قيد الانتظار","Pending Commission":"اللجنة المعلقة","personal info":"معلومات شخصية","Please click ’click to continue’ to retry.":"يرجى النقر فوق \"انقر للمتابعة\" لإعادة المحاولة.","Please contact customer service for cash withdrawal":"يرجى الاتصال بخدمة العملاء للحصول على السحب النقدي","Please enter a valid email address":"يرجى إدخال عنوان بريد إلكتروني صالح","Please enter the verification code":"الرجاء إدخال رمز التحقق","phone can only be numbers or line":"الهاتف يمكن أن يكون فقط أرقام أو خط","Please login in first":"يرجى تسجيل الدخول أولا","Please select attribute":"يرجى اختيار السمة","Please select country/region":"يرجى اختيار البلد / المنطقة","Please select superior":"يرجى اختيار متفوقة","Please select the number of ratings.":"يرجى اختيار عدد التصنيفات.","Please select your country":"الرجاء تحديد بلدك","Please upload the invoice file":"يرجى تحميل ملف الفاتورة","Processing":"يعالج","Product Name":"اسم المنتج","Please fill in the delivery address before selecting the payment method":"يرجى ملء عنوان التسليم قبل اختيار طريقة الدفع","promotion center":"مركز الترويج","Promotion Link Click Amount":"رابط الترويج انقر فوق مبلغ","Promoted link clicks":"نقرات الارتباط التي تمت ترقيتها","Promotion Order Count":"عدد أوامر الترويج","Promotion Reports":"تقارير الترويج","read more":"اقرأ أكثر","Received commission":"تلقت عمولة","Refund":"استرداد","Refuse":"رفض","Region":"منطقة","Register Success":"سجل النجاح","Remittance":"التحويلات","Reviews":"المراجعات","reports":"تقارير","Sale ends in":"بيع ينتهي في","Save in wishlist":"حفظ في قائمة الأمنيات","Search":"بحث","swift code":"رمز السرعة","Select how to share":"حدد كيفية المشاركة","Select premium items to increase your chances of making money":"حدد العناصر المتميزة لزيادة فرصك في كسب المال","Share items to your channels.when other purchase a from your link, you can get commission.":"Share items to your channels.when other purchase a from your link, you can get commission.","Share Product":"مشاركة المنتج","shipment successful":"شحنة ناجحة","Shipping":"الشحن","Shipping Address":"عنوان الشحن","Size guide":"دليل المقاسات","Small Text":"نص صغير","Small Title":"عنوان صغير","Sort By":"صنف حسب","Sales Amount":"مبلغ المبيعات","State/Province/Territory":"الدولة / المقاطعة / الإقليم","Successfully delete":"حذف بنجاح.","Successfully save":"حفظ بنجاح.","Thank you for trying":"شكرا على المحاولة","The account has been deactivated, please contact customer service to activate":"تم إلغاء تنشيط الحساب ، يرجى الاتصال بخدمة العملاء لتفعيلها","Thank you for your application to join our affiliate program, we will review and verify your information as soon as possible and notify you.":"شكرًا لك على تطبيقك للانضمام إلى برنامجنا التابع الخاص بنا ، سنقوم بمراجعة المعلومات الخاصة بك والتحقق منها في أقرب وقت ممكن وإعلامك.","the content can not be blank":"المحتوى لا يمكن أن يكون فارغا","The coupon code has been copied and used in the shopping cart.":"تم نسخ رمز القسيمة وتستخدم في عربة التسوق.","The file name cannot exceed 100 characters":"لا يمكن أن يتجاوز اسم الملف 100 حرف","The file size cannot exceed 2MB":"لا يمكن أن يتجاوز حجم الملف 2 ميجابايت","The number of withdrawals on the day has been capped":"تم توج عدد عمليات السحب في اليوم","The subscription is successful, thank you for your participation":"الاشتراك ناجح، شكرا لك على مشاركتك","The user center is out of service. Please contact customer service":"مركز المستخدم خارج الخدمة. يرجى الاتصال بخدمة العملاء","There is no amount to withdraw":"لا يوجد مبلغ للانسحاب","There is no data to export":"لا توجد بيانات للتصدير","This is Text":"هذا هو النص","This is title":"هذا هو العنوان","This transaction has failed.":"فشلت هذه المعاملة.","Time to shop":"الوقت للتسوق","Tips":"نصائح","To be commented":"ليتم تعليقها","Total":"المجموع","Tutorial":"الدورة التعليمية","This Supplier/Shipping Company does not deliver to your selected Country/Region.":"لا تقدم هذه الشركة/شركة الشحن إلى بلدك/منطقتك المختارة.","Update password success":"تحديث نجاح كلمة المرور","Upload Image":"تحميل الصور","Upload up to 6 pictures":"تحميل ما يصل إلى 6 صور","uploading":"تحميل","used":"تستخدم","user center":"مركز المستخدم","Upload Invoice":"تحميل فاتورة","valid now":"صالح الآن","Validity period":"فترة الصلاحية","View Cart & Checkout":"عرض العربة","views":"الآراء","Valid for":"صالحة ل","Welcome to the website":"مرحبا بكم في الموقع","Western Union":"الاتحاد الغربي","When your buyers received and confirmed orders, you can get commission right now!":"عندما تلقى المشترين أوامر مؤكدة ، يمكنك الحصول على العمولة الآن!","Withdrawal":"انسحاب","Withdrawal success":"نجاح الانسحاب","Withdrawal Method":"طريقة السحب","Write a Review":"أكتب مراجعة","Withdrawal Amount":"كمية السحب","Yes":"نعم","Yesterday":"في الامس","You are clicking too fast":"أنت تنقر بسرعة كبيرة","You are got a coupon.":"لديك قسيمة.","You can select a maximum of 90 days":"يمكنك تحديد 90 يومًا كحد أقصى","You can withdraw the commission to your Paypal account.":"يمكنك سحب اللجنة إلى حساب PayPal الخاص بك.","You have applied to join the Affiliate Program.":"لقد تقدمت بطلب للانضمام إلى البرنامج التابع.","You will be notified of the review result via email.":"سيتم إخطارك بنتيجة المراجعة عبر البريد الإلكتروني.","You haven’t chosen an address yet":"لم تختار عنوان حتى الآن","You haven’t selected a product yet":"أنت لم تختار منتج حتى الآن","Your rating":"تقييمك","Your review":"مراجعتك","Your shipping address error":"خطأ عنوان الشحن الخاص بك"}}