Blockchain

Blockchain is a digital record book, also called a ledger, that is shared across many computers instead of being stored in one central place. Because everyone in the network holds a copy of the same data, no single authority like a bank or company controls it. Once information is written to the blockchain, it cannot be easily changed, which makes the system reliable and transparent. This shared ownership of data is what makes blockchain fundamentally different from traditional databases.

Why is it Called a “Block-Chain”?

The name blockchain comes from the way data is structured. Information is stored inside blocks, and these blocks are linked together in a sequential order, forming a chain. Each block contains some data, a unique cryptographic hash that id…

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