INTRODUCTORY OF BLOCK CHAIN TECHNOLOGY AND APLICATION FOR EDUCATION

Abstract

Like Artificial Intelligence, Machine learning and Biosystematics there are so many emerging technologies are ruling the world today. One of the major technology were the people are going into was Block Chain. It is the process of securing the information or website of specific individual or institution. This Block Chain Technology mainly deals with Bit Coins. In August 2014, the file size of bit coin block chain, containing records of all transactions that took place on the network, reached 20 GB. This paper describes the five main features of Block Chain including Decentralized Technology, Enhanced Security, distributed Ledgers etc. A Block Chain is basically a digital transaction ledger, duplicated and distributed on the database across the entire network of computer systems. Finally, this paper deals with the Comparison of Block Chain and Bit coin. After that, the importance and the impact of Bit coin in the sector of Block Chain have been explained.