In today’s digital age, blockchain technology has emerged as a game-changer, revolutionizing various sectors such as finance, healthcare, supply chain, and more. While the term ‘blockchain’ is often associated with cryptocurrencies like Bitcoin, its application extends far beyond. This article aims to demystify this complex yet fascinating technology, enabling beginners to gain a solid understanding of blockchain.
What is Blockchain Technology?
At its most basic level, blockchain is a type of database, but it differs from a traditional database in the way it stores information. Blockchain technology is a distributed ledger that records transactions across many computers in such a way that the registered transactions cannot be altered retroactively. This ensures the data’s transparency, security, and immutability.
