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Blockchain Technology

 What is Blockchain Technology?

Blockchain is a technique of preserving information that makes it hard or difficult to update, hack, or manipulate the system. A blockchain is a distributed ledger that copies and distributes transactions throughout the blockchain's network of computers. Blockchain technology is a framework that maintains public transactional information, also known as blocks, in numerous databases, referred to as the "chain," in a network connected by peer-to-peer nodes. This type of storage is sometimes referred to as a 'digital ledger. 'Every transaction in this ledger is approved by the owner's digital signature, which authenticates the transaction and prevents it from being tampered with. As a result, the information contained in the digital ledger is extremely safe. In a nutshell, the digital ledger is similar to a Google spreadsheet shared across several computers on a network, where transactional data are recorded based on real purchases. The intriguing aspect is that everyone can view the data, but they cannot modify it.


Blockchain is a new technology that offers several benefits in an increasingly digital world:

🔑Extremely safe

It employs a digital signature technology to execute fraud-free transactions, making it difficult for other users to corrupt or edit an individual's data without a specific digital signature.

🔑System Decentralized

Traditionally, transactions require the permission of regulatory bodies like as a government or bank; but, with Blockchain, transactions are done through the mutual consent of users, resulting in smoother, safer, and quicker transactions.

🔑Capability for Automation

it is programmable and can automatically create systematic actions, events, and payments when the trigger requirements are satisfied.



🖋N.K.Sanduwan Nanayakkara...


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