What is Blockchain?

Blockchain is a decentralized digital ledger that records transactions securely.

How Does it Work?

Data is stored in blocks, linked together, and secured using cryptography.

Key Features

Immutability, transparency, and decentralization define blockchain.

History of Blockchain

It began with Bitcoin in 2009, created by Satoshi Nakamoto.

Types of Blockchains

Public, private, and consortium blockchains serve different needs.

Benefits

Blockchain reduces fraud and increases trust in transactions.

Challenges

Scalability and energy consumption are ongoing issues.

Applications Beyond Crypto

Used in healthcare, voting, and identity verification.

Consensus Basics

Agreement protocols ensure all nodes validate transactions.

Future Potential

Blockchain could transform industries globally.