⛓️ Technology
What Is Blockchain?
Understand how a blockchain records information across a network.
A blockchain is a type of distributed data structure where records are grouped into blocks and linked using cryptographic techniques. Networks can use consensus mechanisms to agree on updates.
How it works
- Transactions or records are collected into blocks.
- Cryptographic links connect blocks in sequence.
- A network mechanism determines which updates are accepted.
- Participants maintain copies or views of the ledger depending on the system.
Key takeaway: Blockchain is a data-recording architecture; its properties depend on the particular network and design.