How the Blockchain Works (Cryptocurrency, Security, Medicine, and Beyond)
Blockchain technology will be a massive part of the future. It will redefine how to carry out transactions. Keep reading to learn how the blockchain works.
What is the blockchain
The blockchain is a distributed ledger technology (DLT). It records data and powers cryptocurrencies. it's like the internet of Bitcoin.
What are the different types of blockchains?
There are public and private blockchains. You'll also find them in consortiums or hybrid domains. Public domains are the most common where anyone can join.
Why should I care?
Blockchains are all over. It's like the internet 3.0. As the world transitions in to the future, it will be vital to learn how this piece of technology works.
How does the blockchain work?
Transactions are executed on the blockchain and stored in blocks. The connection of these blocks is the blockchain. A distributed consensus mechanism confirms the transactions.
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