What is the work of blockchain?
Blockchain is a type of digital technology that relies on the idea of recording information securely using a set of sequential records linked to each other, and these records are called “blocks.” Each block contains information about a set of digital operations, and is linked to the previous and subsequent blocks in a time chain, creating a chain of blocks that make up the blockchain.
Blockchain technology is widely used in digital transfers and smart contracts, and its most famous use is in cryptocurrencies such as Bitcoin. Blockchain has some characteristics that make it efficient and reliable, such as decentralization (no intermediary), transparency, and digital security.
The blockchain network operates securely using cryptographic algorithms, and provides ways for participants to verify the authenticity of transactions and records. Individuals in the network can confirm the authenticity of transactions without the need for a central intermediary, making blockchain an effective technology for the secure transfer of digital value and the tamper-evident recording of transactions.