What is a blockchain? How does it work?

What is blockchain?

A blockchain is known as a distributed ledger that consists of transactions that are carried out across the computer network of blockchain. Every block contains several transactions and when there is a new transaction that takes place on the blockchain, a record about the transaction is added to the participant’s ledger. The decentralized database that is managed by several participants is known as DLT (distributed https://urzadzajzpasja.pl/
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Features of Blockchain

Here are the important features of Blockchain –

Blockchain is considered as a database that has encrypted blocks of data that are stored in chains in the form of the chronological order of data.
Cryptocurrencies are distributed rather than transferred, by creating an immutable ledger of the asset. This set is decentralized that allows full-time access and it is transparent in its public operations.
This transparent ledger preserves the integrity of the document that creates trust about the asset. Blockchain security measures and its public ledger makes it the best technology to be adopted in every sector.
Even though Bitcoin is public through the use of blockchain technology, it cannot tamper. Bitcoin does not have any physical presence, so the user cannot protect Bitcoins by preserving them in a safe or anywhere else.

How does blockchain work?

Here is how blockchain works using distributed ledger technology.

The buying and selling of Bitcoin are entered and transmitted through a network of powerful computers called nodes.
The network of nodes that are connected around the world confirms the transactions through computer algor