What is Blockchain?

Blockchain technology is a decentralized digital ledger that records transactions across many computers. This ensures that the recorded transactions cannot be altered retroactively, providing a secure and transparent way to conduct transactions.

How Does It Work?

Each block in the chain contains a number of transactions, and every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant's ledger. This makes it nearly impossible to alter any information without the consensus of the network.

Blockchain is the backbone of cryptocurrencies.