Top Features of Blockchain

Unravel the Mystery of the Blockchain!

Have you ever heard of a technology that promises to revolutionize the way we store and transfer data? Well, it's called Blockchain and it's here to change the game!     Let’s dive deeper into the world of Blockchain and explore its features!

At its core, a blockchain is a decentralized and distributed ledger that records transactions in blocks. Think of it as a chain of blocks that contain all the details of transactions.

The Basics of Blockchain

Blockchain is a chain of blocks, where each block contains a set of transactions. The blocks are linked together using cryptography, ensuring that once a block is added to the chain, it cannot be altered or deleted.

Structure of Blockchain

1. Decentralized System Think of a traditional system where a central authority holds all the power, now imagine a system where no single entity holds all the power. That's what a decentralized system is, a system where power is distributed among its users.

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2. Distributed System Picture a chain of mountains, now imagine each mountain is a node in a system. If one node fails, the entire chain won't crumble, as other nodes can take over. Distributed system works the same where tasks are spread out among multiple nodes, making systemresilient.

3. Peer-to-Peer Network  Imagine a group sharing a secret. Instead of one person knowing secret & sharing it, they each take turns sharing it with each other. Peer-to-peer network works same, where each node has an equal role in network, & communication happens directly between peers.

Get ready to embark on a thrilling journey as you delve into the amazing features of this innovative technology.

Explore all features of Blockchain.