What Is Blockchain Technology And How Does It Work?
Blockchain is a decentralized, immutable ledger that lets us track assets and record transactions across a business network. The underlying design of blockchain prevents data modification, making it very secure for industries such as payments, cyber security, and others where data security is more important. Blockchain Technology is a rapidly evolving technology that has helped us increase data sharing between social groups or business networks by promoting trust, transparency, security, and traceability. Implementing the concept of creating blocks and linking them together leads to security and reduction of data breaches. We will talk about the latest and expanding blockchain technology in this article. We will examine its operation, underlying principles, applications, and other aspects. What Is Blockchain Technology? Block, node, and miner are three useful concepts related to blockchain. A block is similar to a normal block. However, the chain uses multiple blocks. The technology, s