Every day on our feeds we find news about new cryptocurrency or someone who says that they are a big bubble that will soon explode and of which only the blockchain will remain. But, what is the blockchain?
Is a continuously growing list of records, called blocks, which are linked and secured using cryptography.
So, the blockchain is an immutable, sequential chain of records called Blocks. Each block can contain transactions, files or any data you like. The important thing is that they’re chained together using hashes.
Blockchains are secure by design and are an example of a distributed computing system with high Byzantine fault tolerance. This makes blockchains potentially suitable for the recording of events, medical records, and other records management activities, such as identity management, transaction processing or voting.