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There has been huge fuzz around the Blockchain and bitcoin in the recent times. These technologies have been a very interesting area. It is capturing the imagination of the users. If someone told you about 10 years ago that there will exist a currency which will not governed by the government or bank and the transactions involved cannot be hacked by the third, you will think that the person must be joking. Well… fast forwarding to today, it has become possible due to the blockchain and bitcoin technology. What the future holds for both of them? We will try to figure it out but first let us try to understand what is the difference between blockchain and bitcoin?  Dissimilarities between Blockchain and Bitcoin Bitcoin:  It is an online cyber-currency. Bitcoin wallet holds all your cyber-currencies and is used to buy, sell and use the currencies. There are two ways to have the currency, either you can mine the bitcoin or you can buy the bitcoin. Mining of bitcoin is very inter

If you are a newbie to blockchain technology, then one of the first things you need to have is blockchain wallet. If you are want to carry a cryptocurrency, then you need a place to store the cryptocurrency. Blockchain wallets give you exactly that. They are a secure place just like a bank and wallet is like an account in the bank however without a bank. Blockchain technology is used by the bitcoin wallets to store the cryptocurrencies. Blockchain wallets are either run online or using a software. There are two types of blockchain wallets. These are as follows: Web/Hosted Wallets:  These wallets are hosted on web by the third party host. Money is a crucial thing. Nobody wants it get stolen. So while choosing these type of wallet host, keep an eye on the security provided by the third party host. Make sure that security of your cryptocurrency is very tight. These wallets are convenient to use and have a very user-friendly user interface. Software Wallets: Software wallet

There has been a lot of hype regarding the Blockchain. I have read about the blockchain removing the poverty and making the world corruption free with a lot of easy, but there is demography who has not heard about this revolutionary technology. Facebook, Flipkart, Instagram has millions of users but the general population does not know anything about the backend technology like database. Same is with the blockchain, everyone has heard of it, everyone has opinion about it but no one knows the backend process.  However, there is a very good question revolving now-a-days which is “What are the things which blockchain can do and other technology can’t?” Is it fair to compare this new technology to the past technologies?  Concept of Blockchain The blockchain has a very fascinating concept of data immutability i.e. data is unchangeable. This is achieved by using digital signatures and hash functions. These hash and digital signatures were defined by the informational Technolo

Blockchain technology in investing banking Data storage is one of the most essential components of banks. Database plays a very key role in the proper functioning of the investing banks. Banks need database to store the valuable information of the customers which is needed by them to provide valuable services like transactions to the customers. Banks database are huge and multiple due to which managing the database of the banks regarding people information is not an easy task. It can be really troublesome and hectic task. The database must be really secure and protective because it store very confidential and private information and any disclosure of customer’s information can create lot of troubles. Blockchain technology is the answer to all the above problems. It ensures that the transactions are smooth and database are secured and protected. This highly secured access system help in better management of the bank activities and tasks. It provides one platform to access