WHAT IS BLOCKCHAIN Blockchain is a distributed ledger technology (DLT) that stores and records digital data in a secure and immutable way. This chain of blocks is shared and maintained by a network of computers, known as nodes, which all work together to ensure the validity and accuracy of the data. The features of blockchain […]
What is Blockchain Blockchain is a distributed ledger technology that allows digital transactions to be recorded and stored in a secure and immutable way. It works by storing the transactions in blocks, which are then joined together in a chain. Each block in it contains a cryptographic hash of the previous block, a timestamp, and […]
What is blockchain and how it works Blockchain is a type of distributed ledger technology (DLT), which is a digital, decentralized, public ledger of transactions and records. It is an increasing list of records, known as “blocks,” that are joined or linked and secured using cryptography. Blockchain technology is used to create and manage digital […]
What is blockchain Blockchain is a distributed ledger technology that is utilized to record and track digital transactions. It is a type of distributed ledger technology (DLT) that works as a decentralized, distributed, and public ledger of all cryptocurrency transactions, that is secured by cryptography. Blockchain works by creating a chain of blocks, with each […]
What is blockchain? Blockchain is a distributed digital ledger technology that records and verifies digital transactions without the need for a central authority. The blockchain functions as a public ledger, meaning it is decentralized, distributed, and immutable. It keeps a record of all transactions that have been made using the chain. When a new […]
Blockchain is a digital ledger of transactions that is secured using cryptography. It is a distributed, decentralized, public ledger that records transactions between two parties in a verifiable and permanent way. The ledger can be used to store data of any type, including monetary transactions, contracts, and property rights. At its core, blockchain is a […]
A private blockchain is a type of distributed ledger technology that is used within a closed network of participants. It is not open to the public and requires permission from the network administrators to join. Private blockchains are typically maintained by a single organization and provide a more secure, controlled environment for conducting business. They […]
A consortium blockchain is a type of blockchain network that is partially decentralized. It is a distributed ledger technology that requires the participation of a predetermined group of nodes, or entities, to validate transactions. Unlike public blockchains, consortium blockchains are typically permissioned and do not allow just anyone to participate in the consensus process. This […]
It is a permissionless distributed ledger that anybody can join and conduct transactions on. It is a known restrictive form of a ledger in which each peer has a copy. This also means that anyone with an Internet connection can access the public blockchain. This user has access to historical and temporary records as well […]
WHAT IS BLOCKCHAIN To explain it to you in an easy way, first, we will look at an example like in a store, where the account has all the information regarding records such as where the goods come from. How much does it cost? Where does the order come from, etc? All this record that […]
