Blockchain is a technology based on decentralized digital blocks.
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Blockchain is a technology based on decentralized digital blocks.
If you want to learn more about this technology, take note and learn the key concepts!
- Before you start…
It functions as a database that allows storing information thanks to a new technology.
- Key terms:
- Hash
Transformation of a file, message or data into an alphanumeric code that functions as a digital fingerprint.
- Blocks
Spaces where information is stored in blockchain technology and connected to each other by a "hash."
- Nodes
Devices or systems that create, send or receive all the information shared in blockchain technology.
- Smart contract
Software that automatically updates an agreement or contract as the parties involved fulfill their clauses.
- Consensus mechanism
A mechanism in a blockchain network that allows nodes to jointly validate which information should be incorporated into the blocks.
- Decentralization
An attribute of this technology that distributes control and decision-making among the different participating nodes of the network.
You are now ready to take your first steps into the world of blockchain!
Take your SME to the next level and integrate this new technology into your daily operations.
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