Blockchain Development Company

1
Blockchain Development

• www.bitdeal.net

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Introduction

• Blockchain is a massive technology that seems to
  be the one , which transforms the entire world to
  a better digital economy. In recent days , we may
  come across the word Blockchain in News , Social
  Media , search engines and lot more. This is
  because the demand for blockchain technology is
  going hype because of it inbound benefits.

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What is Blockchain Technology ?

• Blockchain Technology is one that supports for
  distributed ledger concept , thus allowing for
  higher data transperancy and lower chance of
  hacking. The blockchain technology spreads wider
  and faster because of its
• Decentralized Nature
• Enchanced Security
• Consensus Algorithms
• Immutability

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How Does Blockchain Works ?

• Blockchain is a database ledger and the
  decentralization of blockchain is because of the
  use of consensus algorithms.Blockchain technology
  initially used for the storage of bitcoin
  transactions. The records are stored on different
  blocks that are connected together by chains.
• Each blocks are encrypted by hash functions. Each
  time of transaction by node , every other nodes
  should agree for the processing. Hence ,
  transactions in blockchain are always transparent
  and decentralized.

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Consensus Algorithms

• Consensus algorithm is a process of decision
  making within a group of individuals . Here all
  the individuals support for the decision, that
  favors every individual inside a closed group.
• Blockchain is capable of building different
  blocks of database which won't be decentralized
  in nature . So, We need consensus algorithm to
  make blockchain into decentralized database .

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Well-known Blockchain Platforms for Developing
DApps

• There are lot of blockchain platforms that are
  being used . Some of the popular blockchain
  networks that are being used in the development
  of decentralized applications(DApps) involves
  Ethereum, EOS , LISK, TRON, Minter, and lot more
  .
• To know more about blockchain use cases refer the
  blog Blockchain Development Bitdeal

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Bitdeal - Best Blockchain Development Company

• Bitdeal - Best Blockchain Development Company ,
  furnishes you the complete blockchain solutions.
  They always take a step ahead to implement new
  innovations in blockchain technology.They have
  separate R D team of blockchain experts who
  continuously monitor the growth of blockchain
  technology.
• Get a Free Consultation From Bitdeal's Blockchain
  Experts Now !!!