In this article, we will discuss blockchain database technology in detail.
Bitcoin helped thrust a new technology into the mainstream back in 2017. Today, after a severe slump it is back on top.
Bitcoin hysteria has prompted a real debate on the practical uses of the exciting technology of blockchain, and companies are still scrambling to be the first to unlock the power of this powerful technology.
What is a Blockchain Database
A blockchain database utilizes blockchain technology to create an immutable ledger of transactions. Blockchain relies on peer-to-peer decentralized transactions meaning that it is a distributed ledger.
This offers greater security and removes the need for any single controlling entity that retains administration rights over the database.
The data structure involves data being recorded in blocks. As each new block or transaction is recorded, it is added to the previous one to form a chain of data records or a blockchain.
As a result, …