BLOCKCHAIN 101
An introduction to blockchain technology (1)
As blockchain innovation continues to drive, thrive, grow to become generally acceptable globally. It’s imperative for every individual to learn this emerging technology in preparing for the future.
If you are new to blockchain, then you are not wrong by coming here, as you are on the right platform to garner the basic or foundational knowledge in blockchain technology.
In this article, one will learn about blockchain technology and the way it functions.
Blockchain Technology
Blockchain technology is simply defined as a decentralized, distributed ledger that records the provenance of a digital asset.
By inherent design, the data on a blockchain is unable to be modified, which makes it a legitimate disruptor for industries like finance, cybersecurity, health and many others.
Blockchain, which can also be referred to as Distributed Ledger Technology (DLT), makes the history of any digital asset unalterable and transparent through the use of decentralization and cryptographic hashing.
A blockchain is a database that stores encrypted blocks of data then chains them together to form a chronological single source-of-truth for the data. Digital assets are distributed instead of copied or transferred, creating an immutable record of an asset. The asset is decentralized, allowing full real-time access and transparency to the public
A transparent ledger of changes preserves the integrity of the document, which creates trust in the asset. Blockchain innovation inherent security measures and public ledger make it a prime technology for almost every single sector.
As blockchain innovation continues to drive, thrive, grow to become generally acceptable globally. It’s imperative for every individual to learn this emerging technology in preparing for the future.
If you are new to blockchain, then you are not wrong by coming here, as you are on the right platform to garner the basic or foundational knowledge in blockchain technology.
In this article, one will learn about blockchain technology and the way it functions.
Blockchain Technology
Blockchain technology is simply defined as a decentralized, distributed ledger that records the provenance of a digital asset.
By inherent design, the data on a blockchain is unable to be modified, which makes it a legitimate disruptor for industries like finance, cybersecurity, health and many others.
Blockchain, which can also be referred to as Distributed Ledger Technology (DLT), makes the history of any digital asset unalterable and transparent through the use of decentralization and cryptographic hashing.
A blockchain is a database that stores encrypted blocks of data then chains them together to form a chronological single source-of-truth for the data. Digital assets are distributed instead of copied or transferred, creating an immutable record of an asset. The asset is decentralized, allowing full real-time access and transparency to the public
A transparent ledger of changes preserves the integrity of the document, which creates trust in the asset. Blockchain innovation inherent security measures and public ledger make it a prime technology for almost every single sector.
