Blockchain Functional

Blockchain Functional

Blockchain is a decentralized digital ledger technology that records transactions across multiple computers in a secure and transparent manner. It functions through a network of nodes that validate and store transactions in blocks, which are then linked together to form a chain.

Security: Blockchain uses cryptography to secure transactions and data. Each transaction is cryptographically signed, making it tamper-resistant. Additionally, the decentralized nature of blockchain reduces the risk of a single point of failure or attack, enhancing security.

Overall, blockchain functions by combining decentralization, consensus mechanisms, cryptographic techniques, and smart contracts to create a secure and transparent digital ledger for recording transactions.