
06/07/2024
Blockchain is a revolutionary technology that has changed how transactions work. It intends to provide a safe mode of transactions by using digital crypto currencies that cannot be manipulated by anyone with ulterior motives.
Blockchain is a set of blocks that record information of transactions like who made the transactions to whom, the amount of trade in the form of a digital ledger that is distributed across the entire network making it more secure and impossible to change back or cheat the system, then it is verified and validated by every node in the blockchain network to proceed with the process of making the transactions.
It is cryptocurrencies like bitcoin, ethereum and many more make use of this blockchain network for transactions as it helps you keep track of them.
Imagine you can make transactions with anyone without carrying any cash or paper money, without anyone actually interfering like a third party applications or banks.
Blockchain is believed to evolutionize the economy and technology of the world in the coming future.