BD5PS

This week's discussion centers around the concept of Blockchain.  There is still much confusion regarding what Blockchain is and what it is not.  Please discuss your explanation of Blockchain to include why it has been gaining so much popularity.

This week's reading Source:

https://s3.amazonaws.com/blackboard.learn.xythos.prod/5a31b16bb2c48/6322168?response-cache-control=private%2C%20max-age%3D21600&response-content-disposition=inline%3B%20filename%2A%3DUTF-8%27%27A%2520Hitchhikers%2520guide%2520to%2520the%2520Blockchain%2520Universe.pdf&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Date=20200602T000000Z&X-Amz-SignedHeaders=host&X-Amz-Expires=21600&X-Amz-Credential=AKIAIL7WQYDOOHAZJGWQ%2F20200602%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Signature=eda20b494abc7b592201f91920d7971235788545c4001ad95b404ed2d75e3574

Blockchain is the backbone Technology of Digital CryptoCurrency BitCoin. 

A blockchain is a distributed software network that functions both as a digital ledger and a mechanism enabling the secure transfer of assets without an intermediary. Just as the internet is a technology that facilitates the digital flow of information, blockchain is a technology that facilitates the digital exchange of units of value. Anything from currencies to land titles to votes can be tokenized, stored, and exchanged on a blockchain network.

In addition to the secure transfer of value, blockchain technology provides a permanent forensic record of transactions and a single version of the truth – a network state that is fully transparent and displayed in real time for the benefit of all participants.

PDF is attached.