Blockchain (Part 3)

What is Blockchain? Blockchain is a decentralized, distributed ledger technology. Tat records transactions securely and transparently across a network of computer. Uses of Blockchain * Cryptocurrencies (e.g., Bitcoin, Ethereum) * Smart Contracts (self-executing agreements) * Supply Chain Management Identity Verification * Decentralized Finance (DeFi) How Blockchain Works * The block is added to the blockchain through consensus. * Valid transactions are grouped into a block. * A transaction is initiated and broadcast to the network. * The transaction is complete and permanently recorded. * The network nodes validate the transaction. Key Features of Blockchain - Security – Uses cryptographic techniques to ensure data integrity and prevent tampering. - Decentralization – No single authority controls the data. - Immutability – Once a block is added, it cannot be changed, ensuring a permanent and reliable transaction history. - Transparency – Transactions are publicly recorded...