Blog
home
  • Register

Data Net Blog

Tech Term of the Week: Blockchain

Tech Term of the Week: Blockchain

For our Tech Terms, we sometimes dig into the inner workings of your computer or other technology hardware, but sometimes we like to dig into details of new or emerging technology that’s taking the industry by storm. Today, we’re doing just that by discussing what a blockchain is and how it works.

What is the Blockchain?
Most people hear the word blockchain and immediately think about Bitcoin. However, blockchain has a lot of other practical uses in many different industries. Blockchain technology was born out of a need for a continuously updated mutual ledger. This concept would then be adapted into cryptocurrency through the development of Bitcoin (and others) to provide individuals with an encrypted and private way to make transactions.

In a way, the blockchain is basically a database that is validated by multiple users rather than one central authority. Think of it like a publicly-managed server hosting data instead of a single entity governing the data, like how an organization might host all of its data on a single server.

How Does it Work?
Let’s get one thing clear right off the bat--blockchain technology is not simple. That isn’t to say that it’s terribly complicated to understand on a basic level, though. The most interesting part of the blockchain is that, since it’s hosted and controlled by so many users, no one entity can have complete control over it. This also means that users cannot go back into the logs and tamper with things, guaranteeing that what you see is what you get--or, at least, as authentic as possible. This extra layer of security is one of the best reasons why the blockchain is such a reliable resource for cryptocurrencies.

It is thought that the future holds untold potential uses for the blockchain, including the ability to guarantee the authenticity of various types of data. Other applications are being considered, but the amount of power and electricity required to power a blockchain places limits on the practicality of many of these systems.

What are some other technology ideas or concepts that you would want us to cover? Leave your Tech Terms in the comments below.

Defining “Cyberterrorism” is Easier Than It Sounds
Why You Need to Know the Difference Between “Value...
 

Comments

No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Guest
Tuesday, January 22, 2019

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Tip of the Week Security Best Practices Technology Business Computing Network Security Tech Term Productivity Privacy User Tips Internet Smartphones Malware Cybersecurity Cloud Microsoft Android Communication Browser Hardware Email Communications Mobile Device Efficiency IT Support Small Business Wi-Fi Network Ransomware VoIp Software Google Data Holiday Innovation Managed IT services Windows 10 Collaboration Data recovery Cloud Computing Applications Hosted Solutions Mobile Devices Data Backup Passwords Hackers Internet of Things Wireless Business Management IT Services Users Backup Social Media Word Outsourced IT Workplace Tips Smartphone Blockchain Patch Management Saving Money Employer-Employee Relationship Information Managed IT Services Networking Access Control Marketing Microsoft Office Business Cortana VPN Router Government Remote Computing BDR Apps Wireless Charging Compliance Virus Data Management How To Managed IT Service Virtual Assistant Business Intelligence Virtualization Tech Terms Cost Management Physical Security Phishing Miscellaneous Computers Facebook Mobility Data Protection Automation Excel Remote Monitoring and Management Chrome Gmail Scam Data Breach Artificial Intelligence Save Money Medical IT Computer Password Bandwidth Connectivity Hard Drive Paperless Office Staff Paper Managed Service Gadgets WhatsApp IT Management Mobile Security Company Culture Website Education Wearables Hard Drives Movies Touchscreen Remote Monitoring Conferencing Lead Generation Upgrade Analytics GDPR News Server Management Value Voice over Internet Protocol Eliminating Downtime Licensing Processors Digital Websites Ink eCommerce Operating System Managing Stress Telecommute Maintenance Plug-In Live Streaming Healthcare SSD Microsoft Office 365 Retail Office Certification Law Enforcement Telecommuting Streaming Media Storage Telephone System BYOD Tech Support User Tip Spyware Safety PowerPoint Sales Online Shopping G Suite Troubleshooting Data loss Internet Explorer Proactive IT Data Security Office 365 Unified Communications Authentication Remote Support Content Filtering Wireless Internet Alert Vulnerability Big Data Technology Tips Downloads Dark Web Cleaning Server Database Edge Sports Reporting Tablet Settings Network Attached Storage Environment Bring Your Own Device Update HP Spam Threat User Security Telephony IT budget Twitter RAM Authorization WannaCry Amazon Training Workers Trends Error Comparison Cybercrime Help Desk Tip of the week Dongle e-waste Hybrid Cloud Outlook Apple Document Management Antivirus Printing Congratulations Business Technology Voice over IP Inventory Microsoft Teams HIPAA Machine Learning Tactics Travel Security Cameras File Sharing Millennials Laptop Backup and Disaster Recovery A.I. Botnet Specifications Business Continuity SaaS Knowledge Battery disposal Cables Profitability iPhone Disaster Recovery Printers WiFi Regulation Thank You Personal Information Analysis Quick Tips

Latest News & Events

Please join us in congratulating Bill Vann on his promotion to Customer Success Manager....

Contact Us

Learn more about what Data Net can do for your business.

Call Us Today
Call us today
(760) 466-1200

5795 Kearny Villa Road
San Diego, California 92123