Can Blockchain Technology Ensure Digital Data Security in the Arab World?

Can Blockchain Technology Ensure Digital Data Security in the Arab World?

Satoshi Nakamoto is the person who invented blockchain technology, which is what cryptocurrency, such as Bitcoin, Ethereum, and many others rely on. He first appeared in 2008 when he published an article about a new e-cash system that doesn’t rely on banks, or any other third parties.

Satoshi’s last message was sent in 2014, when he denied being Dorian Nakamoto. It is believed that he owns $61 billion worth of bitcoins. But, what is blockchain, and how is it going to change the region? Bitcoin is just an application of blockchain, but blockchain is a much bigger thing, and it can be used in multiple fields.

Blockchain is a specific type of database where stored information is difficult or impossible to hack in order to change or cheat the system. Blockchain relies on decentralization, where the data is stored in all the nodes of the network, meaning if someone tampers with the data in one node, it can autocorrect itself from the other nodes within the network. So, the more nodes we have, the more secure our database is.