99% Futurism Forecast

Author: Shreyash Chavan

Welcome, to 99 % futuristic forecast Here i talk about futuristc technologies. Blockchain, Artificial intelligence, Virtual reality. How blockchain will be implemented and about web 3.0 and artificial intelligence. IBM researches and google brains teams. Future of cryptocurrencies? How to stop climate change? How our earth will be in 2030 or 2050? When will move to mars? For all this questions follow our podcast Contact: IG : https://instagram.com/99futurism
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Language: en

Genres: Fiction, Science Fiction

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How Blockchain works?and its Applications| web 3.0 | 99%Futurism Forecast
Monday, 28 June, 2021

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant’s ledger. The decentralised database managed by multiple participants is known as Distributed Ledger Technology (DLT). Blockchain is a type of DLT in which transactions are recorded with an immutable cryptographic signature called a hash. This means if one block in one chain was changed, it would be immediately apparent it had been tampered with. If hackers wanted to corrupt a blockchain system, they would have to change every block in the chain, across all of the distributed versions of the chain. Blockchains such as Bitcoin and Ethereum are constantly and continually growing as blocks are being added to the chain, which significantly adds to the security of the ledger. Applications: Secure sharing of medical data NFT marketplaces Music royalties tracking Cross-border payments Real-time IoT operating systems Personal identity security Anti-money laundering tracking system Supply chain and logistics monitoring Voting mechanism Advertising insights Original content creation Cryptocurrency exchange Real estate processing platform IG: https://instagram.com/99futurism