What goes behind Bitcoin
There is a lot of hype about Bitcoin and other alt coins. Investors majority of whom are youngsters, see this as a "get rich quick scheme" and we can't even blame them when you see people making profits 10 times their investment in a very short period, you tend to rethink your investment strategy because no one wants to feel left out. But very few of them understand what goes behind bitcoin, how is it running without any central authority, who verifies my transaction, is it safe?. The answer to all these questions is Blockchain What Is Blockchain? Blockchain is a special type of D istributed ledger or you can understand it as a Decentralized database . In blockchain as the name suggests, data is stored in the form of blocks, in the case of bitcoin, it stores information about the transactions. Each block contains some data and every block has its unique number, you may think of it as a fingerprint of that block. This unique number is called a Hash and it is...
