A guide to help you understand what blockchain is and how it can be used by industries, guide for Beginners ,where blockchain can be used
The blockchain is a simple yet ingenious way of passing information from A to B in a fully automated and safe manner. One party to a transaction initiates the process by creating a block. This block is verified by thousands, perhaps millions of computers distributed around the net.
The block chain provides Bitcoin’s public ledger, an ordered and timestamped record of transactions. This system is used to protect against double spending and modification of previous transaction records.
Cryptocurrency is an internet-based medium of exchange which uses cryptographical functions to conduct financial transactions. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability.