Block chain

Sharuti kumari
30-Jan-2025
0

Blockchain is a revolutionary technology that operates as a decentralized, distributed ledger, enabling secure and transparent transactions without the need for intermediaries. It records data in a series of blocks linked together cryptographically, ensuring immutability and tamper resistance. Each transaction is verified through consensus mechanisms like Proof of Work (PoW) or Proof of Stake (PoS), making blockchain highly secure and trustless.

Originally developed for Bitcoin, blockchain has evolved to power a wide range of applications, including cryptocurrencies, smart contracts, decentralized finance (DeFi), supply chain management, healthcare, and digital identity verification. By eliminating central points of failure and enhancing transparency, blockchain is reshaping industries and driving the future of Web3, the decentralized internet. Its potential to revolutionize finance, governance, and business processes makes blockchain one of the most transformative technologies of the digital age.