Blockchain is the technology behind Bitcoin and all other cryptocurrencies. Blockchain is a type of data that is stored in a public database. Each group of data on the blockchain is called a block while the database is the chain. Both of them make up the Blockchain.
Every block store data which mostly are in detail such as name, date numbers and others. The amazing part of the block is that every single block is transparent, traceable and identifiable. In “identifiable”, every block on the blockchain has its unique signature, this works the same way as a username.
As every “block” is linked on the “chain”, these blocks are shared on the public network. With this fact, the possibility of altering records of the blockchain is very low. This is thanks to the way that the blockchain is shared on the network, every computing force that is connected to this network will have the record of this blockchain. To alter these records, you will need a computing power more powerful than 51% of the computing power on the network.
With all the functions, blockchain is a secure and effective technology for the current digital age.
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