Education

Understanding Blockchain: A Beginner’s Journey

Introduction to Blockchain Technology

In today’s digital age, understanding blockchain technology is becoming increasingly essential. This innovative technology has the potential to revolutionize various industries, from finance to supply chain management. But what exactly is blockchain, and how does it work?

Blockchain serves as a decentralized ledger that records transactions across a network of computers. Each transaction is stored in a “block,” which is then linked to the previous block, forming a chain of blocks – hence the name “blockchain.” This decentralized nature ensures transparency, security, and immutability, making it an attractive option for various