How Blockchain Works?

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

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

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

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

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

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

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

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