3_Blockchain_Tech.pdf

BLOCKCHAIN TECHNOLOGY IN THE FUTURE TECHNOLOGY IS DEVELOPING VERY FAST BLOCKCHAIN BLOCKCHAIN CORE PRINCIPLES OF BLOCKCHAIN BLOCKCHAIN ARCHITECTURE  Each block contains a copy of the data stored in the blockchain Data are hashed by a cryptographic...

BLOCKCHAIN TECHNOLOGY IN THE FUTURE TECHNOLOGY IS DEVELOPING VERY FAST BLOCKCHAIN BLOCKCHAIN CORE PRINCIPLES OF BLOCKCHAIN BLOCKCHAIN ARCHITECTURE  Each block contains a copy of the data stored in the blockchain Data are hashed by a cryptographic algorithm which can only be decrypted by keys like a public key, and private key. Public key: This is like your bank account number. It's shared with others so they can send you funds. It's generated from your private key and used to create your blockchain address. Private key: This is like the key to your safe. It's secret and only you should have it. You use it to sign transactions, proving that you own the funds associated with your public key. NODES What are nodes? SMART CONTRACTS CRYPTO CURRENCY CRYPTO WALLET HOW SMART CONTRACTS WORK? SUPPLY CHAIN MANAGEMENT DECENTRALIZED FINANCE (DEFI) NON FUNGIBLE TOKENS (NFT) VOTING SYSTEMS REAL ESTATE SYSTEMS