Transforming technology November 5, 2020 postadmin Post in Uncategorized Introduction:Blockchain is a new and upcoming transforming technology designed as a complete decentralisedsystem. The “Block” represents a set of records that needs to be saved and the “Chain” links thoseblocks together for security purpose with the help of hashing function. Blockchain is simply adatabase containing transactions validated by network community instead of a single centralisedauthority. After validation, the data in the form of a block is linked to the previous block, hencecreating a Blockchain. Blockchain gained its recent popularity because of its applications like Bitcoinand Ethereum. The report should cover the following points:? Define Blockchain and discuss how Blockchain works.? Explain the security features of Blockchain and its advantages.Part BInstructions:Students need to read four to five articles about two Blockchain Applications to explore how theseapplications work and their different features. Students have to research two Blockchain applicationsand complete Task 1 and Task 2. The two Blockchain applications are assigned to students as per thefollowing list and Table 1.a) Librab) Bitcoinc) Ethereumd) Dogecoine) Gridcoinf) Namecoin