Blockchain scaled Blockchain.infovys
Blockchain scaled Blockchain.infovys

You must have got a brief idea about blockchain in the last article. In this article, we are going to look for a curious question that you must be having right now. Yes, about its working. How does blockchain actually work? and you will find your answer in this article.

Listen to the full article on audio

Transaction is recorded as a “block” of data, as each transaction occurs.

Those transactions show the movement of an asset that can be tangible (a product) or intangible (intellectual). you can even record the information on the data block such as: who, what, when, where, how much and, also the circumstances like the temperature of a food shipment.

Each block is associated to its neighboring blocks.

When an asset moves from place to place or ownership changes hands, these blocks form a chain of data. The blocks make sure that the exact time, sequence of transactions, and block linking are secure. This helps to prevent any block from being tempered or a block being inserted between two existing blocks.

Transactions are blocked together in an irreversible chain: a blockchain

Each additional block nourishes the establishment or verification of the previous block and hence the entire blockchain. This provides the blockchain alter-evident, delivering the prime strength of immutability. This eliminates the possibility of altering data by a hostile person. This also ensures to build a ledger of transactions you and other network members can trust.

Sign Up for Our Newsletters

Get notified of the best read on our Blockchain.infovys.com

You May Also Like

Type of Blockchain: Private Blockchain in Detail

You must have got a brief idea about public blockchain as we…

Key Benefits of Blockchain Technology

Blockchain has brought tons of benefits. It deciphers key issues like trust…

Proof of stake(PoS) in Blockchain

As the name suggests, this guide talks about the Proof of stake…

Building Trust with Blockchain Technology

Is using blockchain trustworthy? No doubt, blockchain enhances trust across a business…