By - Bizz Gossips
Image Source - Social Media
Image Source - Social Media
Blockchain data: Near-impossible to change or delete. Blocks linked with cryptographic hashes, altering one requires changing all, computationally infeasible.
Image Source - Social Media
Blockchain technology is most famously associated with cryptocurrencies like Bitcoin. It serves as the underlying technology that enables peer-to-peer transactions without the need for intermediaries like banks. Blockchain ensures the security and integrity of these transactions.
Image Source - Social Media
Blockchain can be used to create and execute smart contracts, which are self-executing agreements with the terms of the contract directly written into code. These contracts automatically execute when predefined conditions are met, eliminating the need for intermediaries and reducing the risk of fraud.
Image Source - Social Media
Blockchain extends beyond finance, used in supply chain, healthcare, voting, real estate, enhancing data transparency, traceability, and security.
Image Source - Social Media