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How blockchain technology is used to get past Chinese Censors

Chinese internet users have found a way to get around government suppression of news by using blockchain technology. Blockchain is the name for an official list of transactions carried out between users belonging to the same network. Blockchain permits transaction records to be checked and stored securely.

Blockchain technology has received a lot of publicity in recent years because of its relation to cryptocurrencies.

A cryptocurrency is a kind of money that does not exist in the form of bills or coins. It is not overseen by banks or supported by governments. It is exchanged digitally between buyers and sellers using secret codes for security. Two of the most popular cryptocurrencies are bitcoin and ethereum.

Cryptocurrency amounts are created by developers through a method called mining. This is when users lend computing power to record the exact same transactions to form a blockchain.

Chinese internet users turned to blockchain.

Aliqismet BADALOV,
“Khalq qazeti”

2 August 2018 12:19 - SCIENCE AND EDUCATION

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