Which field does blockchain belong to?
- DDDOriginal
- 2024-04-28 15:17:141034browse
Blockchain belongs to the field of distributed ledger technology (DLT), a specific type of DLT in which data is stored in linked blocks called "blocks", providing a secure and transparent record of transactions, Applications include cryptocurrency, supply chain management, and voting systems.
Which field does blockchain belong to?
Blockchain is a subfield of the Distributed Ledger Technology (DLT) field.
What is distributed ledger technology?
DLT is a technology that shares data across multiple computers on a network, rather than storing it on a single central server. This makes data more secure because if one computer is compromised, the data is still available from other computers.
How does blockchain belong to DLT?
Blockchain is a specific type of DLT in which data is stored in contiguous, linked blocks called "blocks." Each block contains the transaction record, timestamp, and hash of the previous block. This creates an immutable, transparent record that is traceable to all transactions on the blockchain.
What are the applications of blockchain?
Blockchain has a wide range of applications, including:
- Cryptocurrency
- Supply chain management
- Voting system
- Authentication
- Data Storage
- Financial Services
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