A Comprehensive Guide To Managed Blockchain Solutions
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What is a traditional blockchain solution? The traditional blockchain solution is essentially an immutable, shared ledger that provides the process of recording all transactions that have occurred or are shared among the participating parties. The blockchain stores digital data on a public database as blocks and these blocks are connected via a peer-to-peer network called a chain. Every transaction stored on the public ledger is verified using the consensus of the majority of participants in the system. And, once stored on the blockchain, it can’t be deleted or removed. Today, the digital economy depends upon the reliance on specific trusted authorities, which can be manipulated, hacked, or compromised. This is why blockchain technology is required. It has the potential to revolutionize the digital world by allowing a distributed consensus. This distributed consensus allows every online transaction to be verified at any time in the future. Further, it provides a dis...