Bitcoin is a cryptocurrency running on a solid foundation provided by Blockchain as an underline technology. Bitcoin’s system uses a peer-to-peer network to reduce cost i.e double-spending. Since all transactions are broadcasted thus recorded and updated by all pears nodes, at end validate transactions. No central authority is completely decentralised. Distributed digital ledger, Swarm Intelligence, HyperLedger, and SmartContract kind of keywords always emerge whenever we talk about Bitcoin. For now, let’s focus on a few bullet points about this coin only as below.
Blockchain technology is being used to distribute the financial market, rather than keep it in the control of a few major companies. How about the same concept with Artificial Intelligence so that it can deliver the values in a plug and play mode i.e As a Service technique. Any new startup if require or wants can just plug and play this service to get benefits rather then leaving it just few big hands.
Blockchain technology was first introduced in a white paper entitled “Bitcoin: A Peer-to-Peer Electronic Cash System” by Satoshi Nakamoto in 2008. Blockchain, Bitcoin, smart contracts, and AI are probably what they mean and how they can affect our lives, maybe or maybe not. There are many questions and issues surrounding these terms and new technology, and this post may answer some of the key questions, including:
Blockchain technology is a digital innovation that is poised to significantly alter financial markets within the next few years, within a cryptographic ecosystem that has the potential to also significantly impact trusted computing activities and therefore cybersecurity concerns as a whole.