What is the block chain

what is the block chain

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How does a blockchain work - Simply Explained
Blockchain defined: Blockchain is a shared, immutable ledger that facilitates the process of recording transactions and tracking assets in a business network. A blockchain is a decentralized, distributed, and often public, digital ledger consisting of records called blocks that are used to record transactions across. a system in which a record of transactions, especially those made in a cryptocurrency, is maintained across computers that are linked in a peer-to-peer network.
Comment on: What is the block chain
  • what is the block chain
    account_circle Monos
    calendar_month 10.05.2021
    It is the amusing answer
  • what is the block chain
    account_circle Sharan
    calendar_month 12.05.2021
    Many thanks for the information, now I will not commit such error.
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Using blockchain in this way would make votes nearly impossible to tamper with. New methods are required to develop audit plans that identify threats and risks. These trends will be enabled partly because of increased pressure from regulators and consumers demanding greater supply chain transparency, and partly because of economic uncertainty, as consumers seek out independent, centrally regulated systems. Treasury secretary Janet Yellen called Bitcoin "an extremely inefficient way to conduct transactions", saying "the amount of energy consumed in processing those transactions is staggering". This is known as distributed ledger technology, or DLT.