Review on Blockchain Wallet by Yosmelia G.O
Blockchain Wallet
Blockchain Wallet is the safest place where you can buy and sell and exchange crypto, use the most famous block explorer to search and verify transactions on Blockchain of bicoin, Ethereum and Bitcoin, it is the best known blockchain by the term is a registry The only consensus and distributed in several nodes of a network, in the case of cryptocurrencies we can think of it as the accounting book where each of the transactions is recorded. Therefore, each block has a specific and immovable place within the chain since each block maintains the hash information of the previous block, since it is a distributed technology where each node of the network stores an exact copy of the chain, availability is guaranteed. of information at all times. In this way, Blockchain technology allows us to store information that can never be lost, modified or deleted. A means to certify and validate any type of information is a reliable, decentralized registry resistant to data manipulation and where everything is registered. With Blockchain, devices can communicate through the network directly, securely, and reliably without intermediaries. Blockchain allows to verify, validate, track and store all kinds of information from digital certificates and of course money and financial transactions. Blockchain available to anyone, this property allows its application in a distributed environment so that the Blockchain data structure can act as a non-relational public database that contains irrefutable historical information. In the field of cryptocurrencies, the blockchain is used as a non-modifiable notary public of the entire transaction system in order to avoid the problem that a currency can be spent twice, it is used as a decentralized platform base that supports the creation of smart contracts agreement between peers. From the legal point of view, Bitcoin would be a patrimonial, private, incorporeal, digital asset in the form of a unit of account, created through a computer system and used as a common measure of value by agreement by system users.
Pros
- The goal is to allow a peer network to manage their own user-created smart contracts. A contract is first written using code and uploaded onto the blockchain via transactions, so no trust from third parties is required.
Cons
- None.
