What is the blockchain?

Blockchain is a technology behind one of the most current and important trends in technology which is happening right now.

Mainly the basic principle of technological advancement in online criptocurrency payment system, known as Bitcoin, Blockchain is the engine which runs through this system.

How does it work?

Mainly from my understanding, the principle of Blockchain is based on seven design principles (Tapscott & Tapscott, 2017).

The principles are:

  1. Network Integrity
  2. Distributed Power
  3. Value as Incentive
  4. Security
  5. Privacy
  6. Rights Preserved
  7. Inclusion

All this points will be expanded in future articles.