Nelson Ingle posted an update in the group
2 days ago
BlockchainWhat is BLOCKCHAIN?
Blockchain introduction in 1 minute:
Blockchain is one of the leading technologies in the IT world.
Blockchain is a revolutionary technology that has changed how transactions work. It intends to provide a safe and secure mode of transactions, by using digital cryptocurrencies, that cannot be manipulated by anyone with ulterior motives.
Blockchain is a set of blocks that record information of transactions like who made the transaction to whom, the amount of trade in the form of a digital ledger that is distributed across the entire network, making it more secure and impossible to change, hack or cheat the system. Then it is verified and validated by every node in the blockchain network to proceed with the process of making the transactions.
#basics #blockchain101
