Blockchain - Introduction
Many have referred to Blockchain as the most disruptive technology of the decade, especially in the financial markets.
Healthcare, Medicines, Insurance, Smart Properties, Automobiles, and even Governments are incorporating the technology.
A Peer-to-Peer Electronic Cash System, which is also the first implementation of blockchain technology, is the most successful implementation of blockchain technology so far. The best way to understand blockchain technology is to understand how the Bitcoin System works.
My goal is to explain what blockchain is, its architecture, how it is implemented, and its various features. I will discuss Bitcoin implementation while discussing the intricacies of blockchain.
There are many good articles, tutorials, and videos on the blockchain architecture, which range in audience from beginners to professionals. In this tutorial, I will provide a conceptual understanding of blockchain architecture, catering to both novices and professionals. It is important to know why this new technology was needed before we dig into blockchain technology. The answer lies in the concept of double spending.