{"id":13339,"date":"2018-11-15T17:41:47","date_gmt":"2018-11-15T12:11:47","guid":{"rendered":"https:\/\/cigniti.com\/blog\/?p=13339"},"modified":"2018-12-13T15:06:35","modified_gmt":"2018-12-13T09:36:35","slug":"5-top-techniques-testing-blockchain-apps","status":"publish","type":"post","link":"https:\/\/www.cigniti.com\/blog\/5-top-techniques-testing-blockchain-apps\/","title":{"rendered":"5 Top Techniques for Testing Blockchain apps"},"content":{"rendered":"
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The global blockchain market is expected to grow from USD 212.12 million 2016 to USD 8,682.82 million by the end of 2024, at a Compound Annual Growth Rate (CAGR) of 59.04% – ResearchAndMarkets.com<\/h4>\n

90% of major North American and European banks are exploring blockchain solutions \u2013 Accenture survey<\/h4>\n<\/blockquote>\n

Brief about Blockchain\u00a0 <\/strong><\/p>\n

The world these days is about virtual, digital and cryptocurrencies in different shapes and sizes (read as rates and valuation respectively) that heavily rely on technology. The most commonly heard buzz is \u201cBitcoin\u201d whose size and shape has been going through the roof.<\/p>\n

Fundamentally, Blockchain is easy to understand but things start to look different once you start digging deep. An apparent simple way to understand Blockchain is \u2013 \u201cBlock\u201d \u2013 a real-time ledger record with encryption and timestamp; and \u201cchain\u201d \u2013 increasing list of records with a link to the previous block. A blockchain is thus a decentralized database of blocks within a huge network of distributed ledger, which keeps a track of size and shape of the underlying currency along with real-time access for sharing, mining and flow of payments through a supply chain.<\/p>\n

Lest it gets complicated, here\u2019s a simple example –<\/p>\n