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Blockchain: How It Works and Its Applications

Blockchain technology is a decentralized, digital ledger that records transactions across a network of computers. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency. Each block in a blockchain contains a number of transactions and a reference to the block that came before it. This creates a chain of blocks, hence the name "blockchain." The decentralized nature of blockchain technology makes it resistant to modification of the data and has potential uses in a variety of industries such as finance, supply chain management, and voting systems., subodhbabu

Blockchain is a decentralized, distributed ledger that records transactions across multiple computers, making it nearly impossible to alter any record without changing all subsequent blocks and gaining consensus …