What Is a Blockchain? How it works

Blockchain is a type of shared database that differs from a typical database in the way that it stores information

blockchains store data in blocks that are then linked together via cryptography.

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Once the block is filled with data, it is chained onto the previous block, which makes the data chained together in chronological order.

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Different types of information can be stored on a blockchain, but the most common use so far has been as a ledger for transactions

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In Bitcoin’s case, blockchain is used in a decentralized way so that no single person or group has control.

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The goal of blockchain is to allow digital information to be recorded and distributed, but not edited.

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What a blockchain does is to allow the data held in that database to be spread out among several network nodes at various locations.

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Hope you people found the story informative. For more such interesting stuff, click on the link given below

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