What's Blockchain Technology?
Blockchain is really a decentralized, distributed electronic ledger that records transactions throughout a lot of computer systems in a community. It truly is made to securely, transparently, and immutably history knowledge with no need to have for a central authority.
Each individual block in the chain includes a number of transactions, and whenever a brand new transaction happens, a history of that transaction is additional to each participant's ledger. The decentralized databases managed by numerous members is known as Distributed Ledger Technological know-how (DLT).
Blockchain derives its name through the way it stores transaction info - in blocks which have been linked collectively to sort a series. As new transactions happen, a file of that transaction is extra to each participant's ledger. The databases is decentralized and managed autonomously.