Blockchain Technology: Here’s Every Thing You Must Know!

Positive Stud
Analytics Vidhya
Published in
5 min readMar 21, 2022

--

About Blockchain Technology

Inter-American Development Bank

In this blog, we will go through the fundamentals of blockchain technology and how it may improve trustworthiness in both record keeping and financial transactions in the upcoming days. We’ll also look at how it can be used in the real world and use it to your advantage if you want to test it out on your own website or business.

Blockchain technology has been making headlines in the present context, and it is obvious to understand why. Blockchain, which was initially developed to power Bitcoin, has the potential to disrupt everything from accounting to voting. Still, it is not yet apparent how to effectively capitalize on this revolutionary technology.

Let’s talk about Blockchain Technology in detail now.

So, What Exactly Is Blockchain Technology?

Blockchain is a method of storing information in such a way that it is difficult or impossible to edit, hack, or trick/bypass the system.

To kee blockchain is a digital record of transactions that is replicated and distributed throughout the blockchain’s complete network of computer systems. Each block on the chain includes several transactions. So, whenever a new transaction takes place…

--

--

Positive Stud
Analytics Vidhya

Cloud Computing | Data Science | Mobile Application Development | Artificial Intelligence | Python Programming | Soft Skills | Many more…