Exactly what is Blockchain Technology?
Blockchain is a decentralized, dispersed digital ledger that documents transactions across quite a few computer systems in a very community. It really is built to securely, transparently, and immutably record info without the will need for a central authority.
Each and every block in the chain is made up of many transactions, and every time a fresh transaction happens, a file of that transaction is extra to every participant's ledger. The decentralized database managed by multiple participants is known as Dispersed Ledger Technology (DLT).
Blockchain derives its identify from the way it merchants transaction knowledge - in blocks which have been joined alongside one another to type a chain. As new transactions happen, a history of that transaction is extra to every participant's ledger. The databases is decentralized and managed autonomously.