How Does Blockchain Work?
- 2 years ago
Article: https://alexandergierczyk.wordpress.com/2022/07/13/how-does-blockchain-work/
Blockchain is a distributed ledger or database shared among the computer network nodes. As a database, it stores information electronically and in a digital format. These blockchains are known for their essential role in cryptocurrency systems, like Bitcoin and Ethereum, for maintaining a decentralized and secure record of transactions. The innovation of a blockchain guarantees the security and fidelity of a data record, and it generates trust without requiring a trusted third party.
Blockchain is a distributed ledger or database shared among the computer network nodes. As a database, it stores information electronically and in a digital format. These blockchains are known for their essential role in cryptocurrency systems, like Bitcoin and Ethereum, for maintaining a decentralized and secure record of transactions. The innovation of a blockchain guarantees the security and fidelity of a data record, and it generates trust without requiring a trusted third party.