Is Blockchain Only About Cryptocurrency and Digital Currencies?
Blockchain Beyond Cryptocurrencies Blockchain technology is defined as a decentralized, distributed ledger that records transactions securely and evidently. Blockchain is a system that manages a database of records distributed over a computer network. Unlike traditional databases, which are centralized and controlled by a single entity, blockchain technology is decentralized, meaning that no single entity has complete control over the database. Each blockchain block contains a list of transactions that have been verified and added to the existing chain. Blocks are linked in chronological order to form a continuous chain of records. The technology uses advanced algorithms to ensure document security, processing and transparency. What Is Blockchain Technology? Blockchain technology is defined as a decentralized, distributed ledger that records transactions securely and evidently. Blockchain is a system that manages a database of records distributed over a computer network. Unlike...