What Is Blockchain Technology In Simple Words
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What Is Blockchain Technology In Simple Words
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What Is Blockchain Technology Blockchain sometimes referred to as distributed ledger technology DLT makes the history of any digital asset unalterable and transparent through the use of a decentralized network and cryptographic hashing A simple analogy for how blockchain technology operates can be compared to how a Google Blockchain technology is the concept or protocol behind the running of the blockchain. Blockchain technology makes cryptocurrencies (digital currencies secured by cryptography) like Bitcoin work just like the internet makes email possible.
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What Is Blockchain Technology In Simple WordsBlockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. An asset can be tangible (a house, car, cash, land) or intangible (intellectual property, patents, copyrights, branding). Blockchain technology is a revolutionary decentralized and transparent ledger system for digital assets reducing risks and fraud It s gaining attention in the financial sector While often confused Bitcoin and
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