How does Blockchain work?

[ahmedo24]

Companies and countries that wants transparency in their financial transaction and discharge of other duties are fast adapting blockchain technology because of the fact that it cannot be edited.

 

[eLdavis]

Blockchain simply put is a system created to store information and data in a way that It cannot be hacked and traced. You can check the link below it might help you understand better.

Blockchain Facts: What Is It, How It Works, and How It Can Be Used

A blockchain is a digitally distributed, decentralized, public ledger that exists across a network. It is most noteworthy in its use with cryptocurrencies and NFTs.

www.investopedia.com

 

[ganibade]

Blockchain work in indifferent ways that supprise people. One of the way is multiplying coins as the piramid growing.

 

[Sincerem]

It is really a complicated process that I still don't understand it fully from the blockchain ledger to cryptography and so many other things. I suggest you check it out on Google to have advanced explanation from expert

 

[greenie]

Blockchain does not store any of its information in a central location, the blockchain is copied and spread across a network of computers. Whenever a new block is added to the blockchain, every computer on the network updates its blockchain to reflect the change.