Blockchain for dummies
What is Blockchain?
Architecture :
Peer-to-peer network —> Distributed Ledger —> Blockchain —> Crypto ( ex: Bitcoin)
The blockhain technology which powers cryptocurrencies such as Bitcoin is built on top of Distributed Ledger technology which in turn works on Peer-to-Peer architecture.
To gain more clarity on Blockchain architecture, here’s some information on P2P network and Distributed Ledger Technology.
P2P (Peer-to-Peer) network :
Distributed Ledger Technology (DLT):
Understanding Distributed Ledger
Before Blockchain, there was DLT
Applications of blockchain other than cryptocurrency:
Apart from crypto ,the blockchain architecture has wide ranging applications, from city architecture, healthcare to supply chain
Walmart using Blockchain in food supply chain
Detail Reads: