What Is Blockchain Technology?

What Is Blockchain Technology?

Blockchain
Blockchain is one of the fastest growing and effective technologies. However, far from everyone has an idea of how its mechanism works and what is special about Blockchain. If you ask ten people of what blockchain technology is, you will get ten different answers. The best approach to forming a true understanding of blockchain is to comprehend the basic technologies of it step by step. What’s Blockchain? Blockchain is a database built on strict algorithmic rules designed for absolute information transparency of each structural element. At the same time, it is practically impossible to compromise (steal) any data due to multiple duplication of the database and the absence of a single storage center. If you wonder why there is a “block” element in the word, there is a reason for…
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10 Mistakes People Make When Organizing Blockchain Projects

10 Mistakes People Make When Organizing Blockchain Projects

Blockchain
Blockchain projects today are one of the most innovative start-ups. Many entrepreneurs use blockchain technology to build successful projects and attract additional investment. This type of projects is not easy to implement. Blockchain technology is built on mathematical algorithms. That is why to build a successful business an entrepreneur has to understand well how blockchain management works. 10 Mistakes To Avoid In order to build up business with the help of blockchain technology a good understanding of its functioning is needed. Here are 10 main mistakes you have to avoid when implementing such a project: Wrong positioning of the project. Modern start-ups are very innovative. They are commonly organized in the sectors of Data Management or Knowledge management. As these business sectors are relatively new, entrepreneurs rarely explain fully what…
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