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what is blockchain technology ?


 what is blockchain technology ?

A blockchain is “a distributed information that maintains a incessantly growing list of ordered records, known as blocks.” These blocks “are connected via cryptography. every block contains a scientific hash of the previous block, a timestamp, and dealings information. A blockchain could be a decentralized , distributed and public digital ledger that's wont to record transactions across several computers so the record can't be altered retroactively while not the alteration of all sequent blocks and also the accord of the network.”

As explained by Wikipedia, “Blockchain was invented by Satoshi Nakamoto”—the anonym of associate degree unknown person or persons—“in 2008 to function the general public dealings ledger of the cryptocurrency bitcoin… wich created it the primary digital currency to unravel the double-spending downside while not the requirement of a sure authority or central server.

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