Explaining blockchain: what, how, and where?

Explaining blockchain: what, how, and where?
FAQ § Reading time: ~3 minutes
Blockchain technology might be one of the most-hyped innovations of the 21st century. What is blockchain? Blockchain technology might be one of the most-hyped innovations of the 21st century. This is not surprising at all: blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. This is possible through the use of decentralization and cryptographic hashing. The blockchain, a revolutionary database of which cryptocurrency is just one possible use, is already used in many sectors of the economy. The Google Document is often cited as a simple example of blockchain technology. When we have been working together to create a document then the doc is distributed instead of copied or transferred. This allows for everyone access to the document at the same time, that is nobody is locked out awaiting changes from another party. While all modifications to the doc are being recorded in real-time, making changes completely transparent. Herein lies a decentralized distribution chain. How does blockchain work? Additionally, by way of comparison with google doc, a blockchain is the history of changes made by users in doc. But seriously, blockchain is a digital ledger of transactions. It is duplicated and distributed across the entire network of computer systems on the blockchain. Every time a new transaction occurs on the blockchain, which is contained in the blocks of the chain, a record of that transaction is added to every participant’s ledger. What does a blockchain developer do? Blockchain Developer is responsible for performing several tasks. Let's have a look at them. Create and build infrastructure, and apply the latest security measures to protect digital transaction data against cyberattacks and other malpractices; Maintain and extend current client-side and server-side applications; Optimize and secure blockchain-based applications by integrating the latest tools and technologies; Documenting the entire blockchain development process. Document new solutions as well as existing ones. It is important to note that blockchain was originally developed for tracking cryptocurrency, but this technology has the potential to be used across many different industries from finance to medicine and arts. Since most of the customers who contact us at Crypton Studio are interested in projects from the financial sector, our developers skillfully cope with such tasks. For example, the application Secretum https://secretum.io on the Solana blockchain - for communicating with investors and the community. Includes messenger and trading. Thanks to the blockchain in Secretum, imaginary anonymity is created: users do not know your identity, but they know how much you have in your wallet and the history of your transactions. Through the metamask address, users can find each other, as well as communicate and exchange various tokens. Another example of the use of blockchain in the field of digital engineering is a third-party project IOTA. The purpose of the creation of IOTA was the development of blockchain technologies within the sphere of the Internet of things. A feature of the service is that transactions within the network are free, the system is rapidly scalable due to which it is considered a very promising area of development. As you have seen, the use of blockchain is successful not only in the financial sector but in any other. So this has created numerous opportunities for blockchain developers. Contact us and let’s start working together on your projects! https://crypton.studio


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