What is Blockchain?

Blockchain is a digital ledger that operates on a decentralized network, known as the blockchain network. It is a system that securely and transparently records transactional data, with each block containing a sequence of transactions that are encrypted and linked to the previous block in the chain. This creates an immutable record that cannot be altered or tampered with, making it a secure and trustworthy method of storing and transferring data or assets. The technology has become increasingly popular for a wide range of applications, from finance and supply chain management to voting and healthcare records.

This mind map was published on 18 May 2023 and has been viewed 105 times.