Scribd
Upload
4 views

Introduction To Blockchain Technology

Uploaded by

merchprompt
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
4 views

Introduction To Blockchain Technology

Uploaded by

merchprompt
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
You are on page 1/ 1

Introduction to Blockchain Technology

What is Blockchain
Blockchain is a decentralized digital ledger that records transactions across multiple
computers to ensure transparency and security.

How Blockchain Works


Blockchain technology relies on cryptographic hashing and consensus mechanisms to verify
transactions and maintain a secure, distributed ledger.

Types of Blockchains
There are various types of blockchains, including public, private, and consortium
blockchains, each serving different purposes and levels of accessibility.

Blockchain Applications
Beyond cryptocurrency, blockchain is used in supply chain management, healthcare,
finance, and more, offering transparency and efficiency.

Future Prospects
As blockchain evolves, it is expected to integrate with other technologies, creating new
opportunities and challenges in various industries.

You might also like