Category: Blockchain

Blockchain is a decentralized digital ledger that records transactions on multiple computers in a secure and transparent manner. It is the underlying technology behind cryptocurrencies such as Bitcoin and has many other potential applications beyond the financial sector. In a blockchain network, transactions are verified and processed by network participants rather than by a central authority, making it resistant to tampering and manipulation. The information stored on a blockchain is secure and transparent, as every participant has a copy of the ledger, and each new block of transactions is added through a consensus mechanism. The use of blockchain technology has the potential to revolutionize many industries by increasing transparency, security, and efficiency in the way information is stored and transmitted.