How does Blockchain work?
Blockchain is a technology used to operate a secure, unbreakable and immutable system. Its main purpose is to keep data secure and confidential and to provide the ability to conduct transactions without the need for a broker or intermediary.
What is Blockchain ?
Blockchain programs are particularly widely used in financial systems, such as cryptocurrency exchanges. Its special feature is that it manages a public ledger that keeps data transactions secure by binding them in blocks. Each block contains the message, information about transactions, and a fixed cryptographic store, a hash of the previous block.
How does blockchain work step by step?
After the blocks are added, they are adjusted in an environment that is used to re-verify the data. This process is called “organized commission” or “organized network”. When a new block is added, all previous blocks are transformed and the aggregated map of the blockchain is changed.