BLOCKCHAIN ​​TECHNOLOGY

#Blockchainis a digital ledger distributed on a network. The ledger is hosted on a network of geographically distributed databases that store information. Blocks in the chain are secure, verifiable, and permanent. Blockchain technology promises to be a useful facilitator for supporting the storage and dissemination of micro-credentials on a global scale. Digital ledgers created through blockchain cut out the middle. With blockchain technology, there is no centralized government authority and no need for intermediaries to control transactions between individuals or institutions. Transactions are secured with encryption, verified, and recorded by network nodes. Blockchain can be used to facilitate trust relationships between two or more people or institutions without the need for a central authority. The original record cannot be deleted or changed, and all transactions can be easily traced because each new block in the chain is timestamped. In this way, blockchain supports a secure, decentralized information network. #blockchain #BTC #Binance