Blockchains

Blockchain is a decentralized and distributed digital ledger technology that enables secure, transparent, and tamper-resistant record-keeping for transactions and data exchanges. It operates through a network of computers (nodes) that jointly manage and validate the information, eliminating the need for a central authority.

Each piece of data, or “block,” contains a collection of transactions or records linked together using cryptographic principles to form a “chain.”

Blockchain’s key features include immutability, transparency, and security, making it particularly suitable for applications like cryptocurrencies, supply chain management, digital identity verification, and smart contracts.

As a trustless and consensus-based system, blockchain has the potential to revolutionize industries by streamlining processes, reducing costs, and enhancing trust among participants.