Understanding the Basics of blockchain technology meaning
Blockchain technology meaning, at its core, is a decentralized and secure digital ledger that records transactions across multiple computers. This technology ensures transparency, 1 security, and immutability, 2 making it a powerful tool for various applications.
How Blockchain Technology Works
A blockchain is a chain of blocks, each containing a set of transactions. Once a block is added to the chain, it cannot be altered or deleted. This creates a permanent and verifiable record of transactions. To understand the blockchain technology meaning, it’s essential to grasp the following key concepts:
- Decentralization: Blockchain networks