UAE and Saudi Arabia are joining forces to explore the possibility of creating a digital currency that will allow for cross border transactions
The BlockChain, as its name implies, is a series of interconnected blocks. Each block is a group of transactions; encrypted and represented by a hash; which is a long series of digits and letters. Each block contains its hash and the hash of the previous block. Therefore, forgery is impossible.
The Blockchain is a network of so called computing nodes. Together they create a powerful second-level network, a wholly different vision for how the internet can function. Every node is an “administrator” of the Blockchain, and joins the network voluntarily
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