The Basics of Blockchain 🐸
Blockchain is a decentralized digital ledger that records transactions across multiple computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks.
This technology powers digital currencies such as Bitcoin and has many applications beyond just cryptocurrencies!
How Transactions Work 💳
When a transaction is made, it is transmitted to a network of peer-to-peer computers scattered across the globe. These computers then confirm the transaction and add it to a block on the blockchain.
Each block contains a cryptographic hash of the previous block, ensuring all transactions are linked in the sequence they were made.
Applications of Blockchain 🌐
- Financial services
- Healthcare
- Supply chain management
- Voting systems
Learn more about blockchain applications and how they are changing industries!
Want to Dive Deeper? 📚
Explore our extensive guides on Blockchain Technology and become a blockchain expert!