How Does Blockchain Work?
Adekunle Joshua
Blockchain is a decentralized digital ledger that records all transactions on multiple computers with high security and transparency.
Each block in a blockchain consists of a unique code called a hash, responsible for maintaining the integrity of the entire network.
When a new transaction is added, multiple computers in the network verify and validate it to ensure its authenticity.
Following validation, the transaction is added to the blockchain and becomes a permanent part of the ledger that cannot be altered or deleted.
Smart contracts are key features of blockchain technology
This technology has the potential to revolutionize the way we exchange value and conduct business in the digital age.