Ultron Foundation Understanding Blockchain Technology

Ultron Foundation14 Feb, 2025Technology

At its core, blockchain technology is a distributed ledger system that records transactions across multiple computers in a secure and transparent manner. Each block in the blockchain contains a group of transactions, a timestamp, and a reference to the previous block, creating a chronological chain of data. This structure ensures that once a transaction is recorded, it cannot be altered or deleted, thereby enhancing security and trust among participants.