Blockchain – the word has become a sort of a fad, quite similar to what ‘internet’ was in the ‘90s; everybody knew the term even if they had nothing to do with it. We, as an organization that looks forward to taking the understanding of the blockchain to everyone, have simplified it for you.
What exactly is Blockchain?
There are some words that seem self-explanatory on the surface, and blockchain is one of them. The blockchain is, simply put, a ‘chain’ of ‘blocks’. What makes the blockchain special is the nature of these ‘blocks’ and ‘chains’. The ‘blocks’ are similar to record-keeping ledgers or a set of data on a group of transactions that contain the details of every transaction and can be accessed only with specific credentials. The ‘chain’ represents the interconnected nature of the blocks. The ‘chain’ ensures that no change can happen in any of the blocks without consensus from all the interconnected blocks, making the blockchain resistive to any data-modification.
Read More @ https://www.blockchainappfactory.com/blog/what-is-blockchain-technology-a-step-by-step-guide-for-beginners/