Blockchain

Understanding Blockchain Technology: A Comprehensive Guide What is Blockchain Technology? Blockchain technology is a decentralized and distributed ledger system used to record and verify transactions across multiple computers or nodes. It is the underlying technology behind cryptocurrencies like Bitcoin and Ethereum but has the potential for various other applications beyond digital currencies. How Does Blockchain Work? At its core, a blockchain consists of a chain of blocks, with each block containing a series of transactions or data. Each block has a unique identifier called a hash that is generated based on the content of the block. Moreover, each block also…