Blockchain Technology
Understanding Blockchain
Blockchain is a distributed digital ledger that securely records transactions across multiple computers. Each block contains transaction data and is linked cryptographically to the previous block, making unauthorized changes extremely difficult.
- Distributed ledger technology.
- Immutable transaction records.
- Cryptographic security.
- Consensus mechanisms validate transactions.
- Supports decentralized applications.
Note
Blockchain is useful beyond cryptocurrencies, including supply chain management, healthcare, and digital identity.
Summary
Blockchain improves trust, transparency, and traceability in digital transactions.