A blockchain is a time-card order of a stable record of information that is maintained by a group of computers not owned by any single existence
Main supports of Blockchain
Importance of Blockchain
In the blockchain, the user is capable to create and validate digital information.
Specialty of Blockchain
The blockchain doesn’t work on central administration concept. it is a democratized regularity. It is a distributed as well as a stable log where the information is open for everyone. Therefore, the built on the blockchain is transparent and everyone is accountable in here.
A blockchain is free. The blockchain is a simplistic and intelligent way of transferring information from point A to B in an automated and secure way.
To do a transaction, initially, the user has to create a block. This block is then confirmed by each distributed point around the net. The confirmed block is added to a chain, which is stocked across the net. This block will not just have a unique record but unique history as well.
Deceiving a single record in blockchain means deceiving the entire chain in each case, which is practically impossible.
Features of Blockchain
- It is a decentralized platform.
- The information is cryptographically deposited.
- The blockchain is stable, so no one can interfere with the information that exists in blockchain.
- The blockchain is a transparent platform, therefore, no one can track the information.