What is Blockchain Technology?
What is Blockchain Technology? By roman patel Blockchain technology us Blockchain technology is a decentralized, distributed digital ledger that records transactions on multiple computers in a secure and transparent way. It was originally developed as the underlying technology for the digital currency, Bitcoin, but has since been adapted for various other uses. One of the key features of blockchain technology is that it creates a tamper-proof, immutable record of transactions. Each block in the blockchain contains a hash of the previous block, creating a chain of blocks that cannot be altered without also altering all subsequent blocks. This makes it highly resistant to fraud and hacking. Blockchain technology has numerous potential applications beyond cryptocurrency, including supply chain management, digital identity verification, voting systems, and more. It has the potential to improve transparency, reduce fraud and corruption, and increase efficiency in many different industries.