Blockchain technology is revolutionizing the world, and small businesses can greatly benefit from its secure and efficient record-keeping system. But how does it work? Let’s dive into this fascinating technology.
What is Blockchain?
Blockchain is a type of digital ledger where information is stored in a way that makes it difficult to alter. This ledger is shared among many computers, each holding a copy of the same ledger. Information is stored within blocks, and each block contains a list of transactions. As a block fills up, it connects to the previous block, forming a chain of blocks, or a blockchain.