Blockchain

By: Alexander Scott Garcia

What is blockchain?

Blockchain is a new technology that was launched back in 2011, it is a system of security and protocol that does allow any information to be tampered with or changed. It since has been on the rising side of innovative technology due to its prime use in crypto currency.

How does Blockchain work?

Blockchain is a coded system where pieces of information are stored in what we know as blocks, each block has a key to the previous and next block that can access their information, with that defined, the blocks will communicate accordingly to pass the information to multiple destinations.

Blockchains are regularly overseen by a shared organization for use as an openly dispersed record, where hubs on the whole hold fast to a convention to impart and approve new squares.

A blockchain is a decentralized, conveyed, and customarily open, advanced record comprising of records considered squares that is utilized to record exchanges across numerous PCs so that any elaborate square can’t be changed retroactively, without the modification of all resulting blocks. This permits the members to check and review exchanges freely and generally inexpensively.