Blockchain: The Next Generation of the Internet
Blockchain: The Next Generation of the Internet Abstract Blockchain is a distributed and transparent log of all your online transactions in a decentralized peer-to-peer network. In addition, most users in this public ledger confirm all transactions before they are recorded. Blockchain has introduced a new method of handling and distributing information. It has provided answers to many issues that have plagued the digital world for a long time. Financial and non-financial sectors alike can be revolutionized by blockchain technology. This article investigates blockchain technology as a potential replacement for the Internet and outlines its many applications in several fields. However, we will start with the fundamentals of this technology, exploring its history and the state of the art. The potential benefits and drawbacks of implementing blockchain technology will also be investigated. Finally, we'll break down the pros and cons of this cutting-edge technology and what it m...