LIVEWhat is Blockchain?
Blockchain is a digital ledger technology that records transactions across a network of computers securely and transparently. It consists of blocks of data, each containing a list of transactions, linked together in chronological order to form a chain.
Once a transaction is added to a block, it is encrypted and linked to the previous block, creating a permanent and immutable record. This decentralized nature of blockchain ensures that no single entity controls the data, making it resistant to tampering and fraud.
Blockchain technology has various applications beyond cryptocurrencies, including supply chain management, voting systems, identity verification, and decentralized finance. Its potential lies in providing trust, transparency, and security in transactions and data management across various industries.
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