SOLUTION: Understanding Blockchain Technology Article Review

View attached explanation and answer. Let me know if you have any questions.1Blockchain Article Review: Understanding Blockchain TechnologyStudentCourseProfessorInstitutionDate2IntroductionSarmah (2018) wrote an article referred to as Understanding Blockchain Technology, asignificant technological advancement of the modern day which shall be focus of review in thispaper. The article introduces the definition of blockchain by stating that it is mainly applied incryptocurrencies. Additionally, Sarmah (2018) holds that blockchain pertains to a distributivetransaction database that is managed through multiple computer networks. Furthermore, theserecords are not supervised using an individual authority, for example, banks; instead, a broadercommunity or does the supervision. Consequently, persons lack the means of altering or deletingthe data using blockchain technology due to the absence of individualized authority. Therefore, itis valid to conclude that a blockchain is a form of a decentralized network to which Crosby et al.(2016) holds the same perception. Instead, blockchain functions as a peer-to-peer network hencedistinct from traditional computer networks. Crosby et al. (2016) holds the exact definition ofblockchain technology but further gives it a more basic analogy in explaining its security; theauthors maintain that there is an ease in stealing a cookie from a cookie jar that is isolated incomparison to one that is in a market place. Therefore, the community approach in blockchain isthe market place in this instance which means that there is minimal means of data tempering inthe presence of multiple users.History of BlockchainHowever, Sarmah (2018) ensures that the readers comprehend that blockchain technology has ahistory. The author begins by mentioning a paper from 1976 that discusses the idea of distributedledger in cryptography. Furthermore, the author discusses other literature that was linked to thecreation of the modern-day bitcoin; for example, another scholar mentioned is Wei Dai, whocreated the ideology of money creation referred to as “b-money” that was inspired by another3article that discussed the means of addressing spam mails in 1997 by Adam Back. While allthese papers were a path to the modern-day blockchain, the author refers to an articletitled Bitcoin: A Peer-to-Peer Electronic Cash System, published in 2008 and written by SatoshiNakamoto as the …

Haven’t Found The Relevant Content? Hire a Subject Expert to Help You With
SOLUTION: Understanding Blockchain Technology Article Review
Post Your Own Question And Get A Custom Answer
Hire Writer

15 Million Students Helped!

Sign up to view the full answer

Written Assignments
Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Why Choose Us?

Quality Papers

We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.

Professional Academic Writers

Over the years, our Written Assignments has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keeps up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention to deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At Written Assignments, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Customer Support 24/7

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email:

Try it now!

Order Now to Get 20% Discount

We'll send you the first draft for approval by at
Total price:

How our best essay writing service works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Written Assignments has stood as the world’s leading custom essay writing paper services provider. Once you enter all the details in the order form under the place order button, the rest is up to us.


Cheapest Essay Writing Service

At Written Assignments, we prioritize all aspects that bring about a good grade such as impeccable grammar, proper structure, zero plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.


Admission and Business Papers

Be assured that you’ll get accepted to the Master’s level program at any university once you enter all the details in the order form. We won’t leave you here; we will also help you secure a good position in your aspired workplace by creating an outstanding resume or portfolio once you place an order.


Editing and Proofreading

Our skilled editing and writing team will help you restructure your paper, paraphrase, correct grammar and replace plagiarized sections on your paper just on time. The service is geared toward eliminating any mistakes and rather enhancing better quality.


Technical papers

We have writers in almost all fields including the most technical fields. You don’t have to worry about the complexity of your paper. Simply enter as many details as possible in the place order section.