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