Understand Blockchain in 3 Minutes! Complete Blockchain Guide

Nayana Patil20 Mar, 2021Finance

What is Blockchain? Blockchain is a decentralized, distributed ledger technology that records the origin and existence of digital assets using a peer-to-peer network. In simple words, a large set of a database that permanently records all the Digital currency transactions. Transactions take place on a peer-to-peer basis unlike on centralized data systems of banks. These data blocks are added only after all the other nodes authenticate the transactions and reach a common consensus.