Before looking at Merkle trees, let’s see what a tree actually is when it comes to programming. In simple terms, trees are nothing but representations of how data is stored in the memory.
Blockchain is a combination of several different technologies. For making it easier for you, I have broken it down into simpler parts. This is the first part of this series and it’s all about one of the most important technologies used in blockchain; cryptography
Bitcoin prices blew up in 2017, reaching a peak of a whopping $20,000. After that, the entire planet was talking about this new technology called blockchain. We saw in our previous article what this blockchain actually is. Now let’s get familiar with some of the terms we may repeatedly come in close contact with; every time we talk blockchain.
Blockchain is revolutionizing the Internet as we speak. From cryptographer David Chaum to Satoshi Nakamoto, a new door to fundamentally change the way Internet transactions can be implemented was opened. So, what is this blockchain and what is this revolution everybody is talking about?