Akestech Infotech

Blockchain is the digitized ledger of transactions. Save yourself from dispensable tension of banks. Get done with all the unwanted wait in the line, finishing of formalities and biased treatment. Record a transaction in as little as a second. Transparency and security are the key motives of Blockchain. Its working is a piece of cake. Request a transaction, transaction turns into a block, gets verified by participants, and adds to the existing chain of blocks. There are two types of Blockchain. Private and Public. Private Blockchain is more secure than Public Blockchain. Every block has its own immutable cryptographic signature identity known as Hash. While recording a new transaction, the user gets a hash of both the previous and current block and timestamp of the transaction. Hash of the previous block attaches to the hash of the new block. Hence, a new transaction gets recorded.