What is Blockchain?
The blockchain is a digital list of accounts or records kept secured using advanced cryptography. Each of the records contained on the blockchain is shared into chunks known as blocks. Each block is linked to the previous block before it. You must understand that these blocks comprises of digital information and have three parts.
In the first part, the blocks store information about transactions, for instance, time, date, and amount of items you purchase. Secondly, they store information of those involved in the transaction. Lastly, the block stores information that separate one person from another. For instance, your name is different from another person and this distinguishes both of you. However, the block uses a unique code referred as “hash” to store information.
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