Blockchain Explained | Don't Miss That Window
Blockchain is a distributed, immutable ledger that records transactions across many computers. Each 'block' contains a batch of transactions, and once added to
Overview
Blockchain is a distributed, immutable ledger that records transactions across many computers. Each 'block' contains a batch of transactions, and once added to the 'chain,' it's cryptographically linked to the previous one, making alteration virtually impossible. This decentralized nature eliminates the need for a central authority, fostering transparency and security. Initially conceived for Bitcoin by Satoshi Nakamoto in 2008, blockchain technology has since expanded into various applications beyond cryptocurrencies, including supply chain management, voting systems, and digital identity.