Blockchain is a decentralized, digital ledger that records transactions on multiple computers.
This means that no single entity has control over the record of transactions and the data cannot be altered or tampered with.
Each transaction is stored in a block, and once a block is full, it is added to the chain of blocks, forming a permanent and unchangeable record of all transactions. This is why it's called a blockchain.
One of the key features of blockchain technology is that it is secure and transparent. Transactions are secured using cryptography, and the entire network can see and verify the transaction.
One of the most well-known applications of blockchain technology is in the creation of cryptocurrency, such as Bitcoin.
However, blockchain has many other potential uses, including in supply chain management, voting systems, and even the management of personal identity and data.
So that's a brief overview of the basics of blockchain technology.
Thank you for reading, and I hope you have a better understanding of how this technology works.