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what is blockchain technology in simple words........? by moms43

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mgsc · @moms43 ·
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what is blockchain technology in simple words........?
hello friends here is my new blog about blockchain technology hope you will like it and can take some great information.
![photo_2018-07-22_16-19-55.jpg](https://cdn.steemitimages.com/DQmWpqnfVxao4y3z2zX7H1vQ9zoBQrRxtMuoZtnyi5G2HXA/photo_2018-07-22_16-19-55.jpg)
Friends, there are very few people in the world who knows about Blockchain.
Blockchain is a technology that has cryptocurrency and some other services that enable it to deliver from one individual to another individual. For example, if you have to send some money to your friend who lives in the other country, then you have to get the help of a registered third party. Such as Bank, WesternUnion, Paypal, and it can take up to 1 day to 3 days and there are some transaction charges which are very high. But with the help of Blockchain Technology, we can send direct money to any country without the help of third party as cryptocurrency.And it takes only a few minutes and its charges are also very low.

The invention of Blockchain Technology was in 2008. The blockchain technology was made by Satoshi Nakamoto,It was made for the service of bitcoin. After Bitcoin too many Alternatives Coins are working in blockchain technology now.
Blockchain is an open ledger, when many people are working on any one network.They all can see who is sending any amounts to whom. So there is no chance of wrong transactions and fraud on one of its networks. And all the people on that network can decide whether this transaction is valid or not.
![photo_2018-07-22_17-27-38.jpg](https://cdn.steemitimages.com/DQmdxXKKFkrvf1BqnCt1ots6E5GsZV26iNDL3hhqD9XR3Gq/photo_2018-07-22_17-27-38.jpg)

And any transactions that take place inside Blockchain Technology are saved in the database of thousands of computers. It is impossible to hack blockchain technology, for this hackers will have to hack thousands of computers together, which is not possible. For this reason Blockchain is considered to be a very safe and secure platform.The use of blockchain was done in 2008 for the first time in Bitcoin transactions,its started with cryptocurrency.

and now its uses is currently undergoing a research for government and public sector. For example, a document of any one property is now creating by a public registered.Which proves that this property belongs to the specified person.Right now it is a potentiality that in future the public registered work is can move to Blockchain Technology.Because the document entered in Blockchain will have the same validity as in the public registered.And this blockchain is publicly open, there is no chance of a scam in it.
![photo_2018-07-22_17-33-26.jpg](https://cdn.steemitimages.com/DQmefmC8Jg4me8XtQoqr7vYZLZgz6eRWXkBAvTvHzerpSzv/photo_2018-07-22_17-33-26.jpg)
Today, blockchain is just being used in cryptocurrency, it will also be used in future in all govt and public sector.Because it is easy and very safe.Blockchain Technology is a Distributed Database.The computers being used in blockchain keeps each of their details in the history.In the future, blockchain technology will be used to keep all digital information for safe and secure. Each department will gradually adopt Blockchain Technology.

so friends hope you got some interesting information from it , please comments bellow and support me......
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vote details (828)
@arcange · 
Congratulations @moms43!
Your post was mentioned in the [Steemit Hit Parade for newcomers](https://steemit.com/hit-parade/@arcange/daily-hit-parade-for-newcomers-20180722) in the following category:

* Upvotes - Ranked 3 with 819 upvotes

I also upvoted your post to increase its reward
If you like my work to promote newcomers and give them more visibility on Steemit, consider to [vote for my witness](https://v2.steemconnect.com/sign/account-witness-vote?witness=arcange&approve=1)!
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@moms43 · 
thank you so much for your support thanks a lot...work be together....
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@steemitboard · 
Congratulations @moms43! You have completed the following achievement on Steemit and have been rewarded with new badge(s) :

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To support your work, I also upvoted your post!


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