Is Azure Blockchain Cloud the future of Cloud Computing?

Azure Blockchain as a Service (BaaS) is the new and experimental cloud technology service which Microsoft Azure is offering for its Platform as a Service (PaaS) customers. It is trying to create a marketplace for the blockchain, the distributed ledger technology on which bitcoin is built. IBM is the other adopter of this new cloud service, through its Bluemix Cloud service.

Sysfore can give you all the facts about Bitcoin cloud technology. Before going into how Bitcoin cloud works, you need to understand what the Bitcoin technology is.



What is a Bitcoin?

Bitcoin is the currency of the Internet. It is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever. It is completely decentralized, with no government, company, or bank in charge of Bitcoin. Due to this decentralized nature it is resistant to wild inflation and corrupt banks. You can be your own bank.


What is A Blockchain?

A Blockchain is a decentralized ledger (database of transactions) powering Bitcoin-like digital currencies. This ledger is public and duplicated across a “peer to peer network” while maintaining a coherent state (agreed upon by all participants) without requiring trust or a central authority. The inherent redundancy of duplicating the entire ledger on every node of the network removes the single point of failure common to traditional databases. Read more