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Blockchain Technology

BLOCK-chayn tek-NOL-uh-jee
A decentralized, distributed ledger technology that records transactions across multiple computers in a secure and transparent manner. It utilizes cryptography to secure and link blocks of data, creating a tamper-resistant chain of records that cannot be altered retroactively without the consensus of the network.
Blockchain technology has the potential to revolutionize various industries, from finance and supply chain management to healthcare and voting systems.
Bitcoin (2009)
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Frequently Asked Questions

Blockchain uses cryptography to secure and link blocks of data, creating a tamper-resistant chain of records that is distributed across a network of computers.

Key characteristics include decentralization, immutability, transparency, security, and the ability to create trust without intermediaries.

Blockchain has potential applications in finance, supply chain management, healthcare, voting systems, intellectual property, and various other areas where secure and transparent record-keeping is essential.

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