CryptoURANUS Economics: Hyperledger: Defined in CryptoCurrency


Thursday, May 6, 2021

Hyperledger: Defined in CryptoCurrency

Hyperledger: Defined in CryptoCurrency

Hyperledger is an organization started by the Linux Foundation with the purpose of expanding the use of blockchain technology. Imagine the blockchain as a digital book of records where each new page made in that book is what is known as a “block”. 

Those blocks are connected in one group known as the blockchain and are maintained simultaneously by a network of computers. Because of this, updates become permanent and changing the recording is almost impossible. 

Because the records aren’t stored in any one location, and every unit in the network keeps their own copy, it becomes even harder to manipulate. That means, the information is very safe despite being shared by so many units.

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