Blockchain Technology


Blockchain technology is a distributed ledger system that enables the secure recording of transactions across a network of computers. It was initially developed to support cryptocurrencies like Bitcoin but has since found applications in various industries and use cases beyond digital currencies. Here are some key aspects of blockchain technology:

Decentralization: Blockchain operates on a decentralized network of computers (nodes) that work together to validate and record transactions. This decentralization makes it resistant to single points of failure and enhances security.

Ledger: The blockchain is a digital ledger that records all transactions in a chronological and immutable manner. Once data is added to the blockchain, it is extremely difficult to alter or delete.

Cryptography: Transactions on a blockchain are secured through cryptographic techniques. Each block contains a reference to the previous block (hash) and is connected to it through complex mathematical calculations.

Click on link for more knowledge -https://www.youtube.com/watch?v=aOP3CL-T1NA
Blockchain Technology Blockchain technology is a distributed ledger system that enables the secure recording of transactions across a network of computers. It was initially developed to support cryptocurrencies like Bitcoin but has since found applications in various industries and use cases beyond digital currencies. Here are some key aspects of blockchain technology: Decentralization: Blockchain operates on a decentralized network of computers (nodes) that work together to validate and record transactions. This decentralization makes it resistant to single points of failure and enhances security. Ledger: The blockchain is a digital ledger that records all transactions in a chronological and immutable manner. Once data is added to the blockchain, it is extremely difficult to alter or delete. Cryptography: Transactions on a blockchain are secured through cryptographic techniques. Each block contains a reference to the previous block (hash) and is connected to it through complex mathematical calculations. Click on link for more knowledge -https://www.youtube.com/watch?v=aOP3CL-T1NA
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