Blockchain - Technology BlockChain

A comprehensive guide to blockchain technology: fundamentals, platforms and development.

Blockchain is a distributed database that supports an ever-increasing list of records (blocks) which are linked and secured using cryptography. Each block contains the hash of the previous block, a timestamp and transaction data.

Consensus: Mechanism for State Agreement

Blockchain Components

Blocks: Containers for data

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Delegated Proof of Stake (DPoS)

Proof of Authority (PoA)

Byzantine Fault Tolerance (BFT)

Frequently asked questions

What are the applications of Blockchain?

Blockchain has a wide range of potential applications, including supply chain management, finance, healthcare and voting systems.

What is Decentralized Finance (DeFi)?

Decentralized Finance (DeFi) refers to financial services built on blockchain technology that operate without intermediaries like traditional banks.

What are Non-Fungible Tokens (NFTs)?

Non-Fungible Tokens (NFTs) are unique digital assets representing ownership of items such as art, music or collectibles.

How can Blockchain be used in Supply Chain Management?

Blockchain's ability to track goods and verify their authenticity throughout the supply chain can improve transparency and reduce fraud.

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Everything above runs in your browser — open Hash Function Avalanche Visualizer and change the parameters while it is running. Nothing is installed, nothing is uploaded, the whole model lives in one tab.

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Blockchain - Technology BlockChain | Technical Documentation