What is Blockchain?

What is Blockchain?

The blockchain is a chain of time-stamped digital records, known as blocks, which are linked together cryptographically. Since every record that goes into the blockchain always stays there, it can be traced anytime, and nobody can tamper the blocks of information.

The technology comes with the following benefits:

• Decentralization: to remove the single points of failure from the system.
• Transparency: by making it possible for every member of the network to access the data at the same time.
• Trust: through mass consensus.
• Security: through immutable records of transactions.