What is Blockchain Technology? How Does Blockchain Work? 

What Is Blockchain Technology?

Blockchain is a method of recording information that makes it impossible or difficult for the system to be changed, hacked, or manipulated. A blockchain is a distributed ledger that duplicates and distributes transactions across the network of computers participating in the blockchain.

Why is Blockchain Popular?

• Highly Secure

  It uses a digital signature feature to conduct fraud-free transactions making it impossible to corrupt or change the data of an individual by the other users without a specific digital signature.
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• Decentralized System

  Conventionally, you need the approval of regulatory authorities like a government or bank for transactions; however, with Blockchain, transactions are done with the mutual consensus of users resulting in smoother, safer, and faster transactions.
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• Automation Capability

  It is programmable and can generate systematic actions, events, and payments automatically when the criteria of the trigger are met.

conclusion:

Blockchain is an emerging technology with many advantages in an increasingly digital world.

References:

1-https://www.investopedia.com/terms/b/blockchain.asp

2-https://builtin.com/blockchain

                                                                                  

                                                                                     Abhay pratap singh

                                                                                lovely professional university