Introduction to Blockchain Technology for Beginners
Blockchain is a revolutionary digital framework that’s transforming the way information is stored, verified, and shared. Originally built to support cryptocurrencies like Bitcoin, its real-world uses now span across multiple sectors including finance, healthcare, logistics, and government. At its core, blockchain is a distributed ledger system that records data securely and transparently. Unlike traditional databases governed by central authorities, blockchain operates through a network of independent nodes, ensuring that records are tamper-proof and trustworthy. The Power of Decentralized Systems A key characteristic that sets blockchain apart is its decentralized nature. In centralized systems, a single authority manages and controls the entire database. However, blockchain distributes that control across multiple participants, often located in various parts of the world. These network participants or nodes all maintain a synchronized copy of the blockchain ledger. Because no o...