Home

About Us

IT Services

Understanding IT

News & Events

Blog

Support

Contact Us

Blog
  • Register

Texas Professional IT Services LLC 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
Sunday, August 19, 2018
If you'd like to register, please fill in the username, password and name fields.

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

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

Latest News & Events

Texas Professional IT Services LLC is proud to announce the launch of our new website at http://www.texproit.com. The goal of the new website is to make it easier for our existing clients to submit and manage support requests, and provide more information about our ser...

Contact Us

Learn more about what Texas Professional IT Services LLC can do for your business.

Call Us Today
Call us today
(832) 514-6260

1209 Decker Dr.
STE 202

Baytown, Texas 77520