"At its most basic level, blockchain is a digital ledger that keeps track of information in a unique way. Blockchain organises data into "blocks," which is different from how traditional databases keep data in tables or files. There are records in each block and when it's full, it is securely linked to the block before it, making a chain that goes on and on. That's why it's called "blockchain.""
"The fact that this system is decentralised is what makes it unique. A network of computers stores blockchain data instead of a single company or government being in charge of it. Because the records are decentralised, it is very hard for anyone to change or mess with them, since changes would have to be made to every copy of the ledger at the same time."
Blockchain is a digital ledger that organises data into linked blocks, forming an immutable chain as each full block is securely connected to the previous one. A network of computers stores the ledger instead of a single authority, making records decentralized and difficult to alter because changes would require modifying every copy simultaneously. Blockchain enables trust without traditional intermediaries by letting participants view and agree on shared data. That consensus model can increase security and privacy for platforms like launchpads and exchanges, reduce fraud, lower operational costs, and speed transactions and record-keeping by cutting out middlemen.
Read at London Business News | Londonlovesbusiness.com
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