Did you know that blockchain is a technology that allows you to keep track of a set of transactions, in a decentralized, secure and transparent way, in the form of a blockchain? Still can't figure it out? Don't panic, we'll explain everything to you!
Blockchain: what is it?
Developed in 2008, blockchain is primarily a technology for storing and transmitting information.
Blockchain: definition
In its report published in December 2018, the joint information mission of the National Assembly on the uses of Blockchains and other registry certification technologies gives the following definition of blockchain:
A Blockchain is a register, a large database that has the particularity of being shared simultaneously with all its users, all equal holders of this register, and who also all have the capacity to enter data, according to specific rules. fixed by a very well-secured computer protocol thanks to cryptography.
The identification of each part is carried out by a cryptographic process the transaction is sent to a network (or storage "node") of computers located around the world
The security system is based on a consensus mechanism of all "nodes" with each addition of information. The data is decrypted and authenticated by “data centers” or “miners”.
The blockchain: what are the advantages?
There are many advantages to using blockchain, including:
The speed of transactions thanks to the fact that the
validation of a block only takes a few seconds to a few minutes.
The blockchain: what if we summarize?
It is a technology for storing and transmitting information, taking the form of a database that has the particularity of being shared simultaneously with all its users and which does not depend on any central body has the advantage of being fast and secure
and whose scope is much wider than that of cryptocurrencies / crypto-assets (insurance, logistics, energy, industry, health, etc.).
