What Is Blockchain Technology?

Blockchain is a digital record-keeping system that stores information in a secure and transparent way. 

Instead of saving data in one central place (like a traditional database), blockchain stores data across many computers connected to a network. Once data is added, it cannot be easily changed or deleted. 

Let’s understand how blockchain works

Blockchain technology usually works by grouping data into blocks. Each block contains transaction details and is connected to the previous block, forming a chain. 

• Blocks store data like transactions or records
• Nodes are computers that keep a copy of the blockchain
• Decentralized means no single authority controls the data

When a new transaction happens, it is verified by the network and then added as a new block, making the system secure and trustworthy. 

For more visit - Role of AI in Blockchain Development: How It Works, Use Cases & Benefits