Steem - Privacy Revolution - How Blockchain Is Reshaping Our Economy

in #steemit6 years ago

Considered as the second generation of the internet, the internet has provided an unparalleled means of communicating with people all over the world.

However, blockchain technology’s requires a far more descriptive explanation. It's an open source for public online database or medium that is used for the record and exchange of value-based transactions.

How does the blockchain work?

The blockchain technology is the best revolution since the internet itself. It allows people to do value exchange without any trust or for a central authority.

There are some important Components of Blockchain:
Blockchain allows the users to write a few lines of code and helps to envision two individuals who wish to conduct a transaction online.

Each of these holds two keys one is private and one public.

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