How Blockchain Works?

Blockchain is a decentralized digital ledger which records transactions on multiple computers with high security and transparency

Each block in a blockchain consists of a unique code called a hash, which is responsible to maintain the integrity of the entire network

When a new transaction is added,  multiple computers in the network verify and validate it ensuring its authenticity

Following the validation, the transaction is added to the blockchain and becomes a permanent part of the ledger which cannot be altered or deleted

Blockchain technology has numerous applications in the financial industry, supply chain management, and voting systems

Smart contracts, the self-executing contract are key features of blockchain technology

– Blockchain technology has the potential to revolutionize the way we exchange value and conduct business in the digital age