Blockchain Technology Example. Moreover we will see the working of Blockchain with the help of an example. It is estimated that by 2025 10 percent of the global GDP will be stored on the blockchain.
Each block records a number of transactions similar to a page in a record-keeping book. For Example A Bitcoin Block contains information about the Sender Receiver number of bitcoins to be transferred. The distributed consensus-dependent ledger technology could potentially revolutionize many aspects.
Blockchain ensures the reinvention and digitization of the real estate world.
It is a non-restrictive version where each peer has a copy of the ledger. Federated blockchain also referred to as Consortium functions are led by a group of users. MONAX and Multichain serve as examples of private blockchain technology. It is a non-restrictive version where each peer has a copy of the ledger.