What is Blockchain (Distributed Ledger Technology)?
Introduction Blockchain is a revolutionary technology that has been making waves in the world of finance, security, and business for the past few years. It is a distributed ledger system that is used to store and share information across multiple computers in a secure, immutable, and transparent manner. Technology is becoming increasingly popular due to its potential to revolutionize various industries, such as finance, healthcare, and logistics. In this article, we will discuss what blockchain is, how it works, and how it can be used in various industries. Blockchain a.k.a Distributed Ledger Technology What is Blockchain? At its core, blockchain is a distributed ledger system. It is a network of computers, or nodes, that are connected to each other over the internet. Each node stores a record of all the transactions that have occurred on the blockchain, which is referred to as a “ledger”. This ledger is constantly updated and reconciled through a process known as “consensus”, which en...