records, which are linked and secured using cryptography. - Blockchain was invented by Satoshi Nakamoto in 2008 for use in the cryptocurrency bitcoin, as its public transaction ledger. → What is a block and what is a chain?
a secure decentralized technology which is very hard to corrupt. Unlike traditional databases blockchain is a distributed ledger that means the data will be available to each node of the system and for any update or change every node must verify that change. 2. Transparent - Another important feature of blockchain is transparency. The transactions recorded on the blockchain is visible by everyone. 3. Secure - In blockchain technology, every transaction requires a key. The data has been encrypted and saved into blocks for verification. This process makes it secure as each node must verify the data.