What is a blockchain?

In this way, a blockchain is the foundation for immutable ledgers, or records of transactions that cannot be altered, deleted, or destroyed. This is why blockchains are also known as a distributed ledger technology (DLT).

Is blockchain hard to understand and predict?

Here’s why Like the early internet, blockchain is hard to understand and predict, but could become ubiquitous in the exchange of digital and physical goods, information, and online platforms. Figure it out now. What is a blockchain? Blockchain is a term widely used to represent an entire new suite of technologies.

Why is blockchain considered hassle free?

Blockchain is considered hassle free, because of the extra level of security it offers. ^Kelly, Jemima (28 September 2016). "Banks adopting blockchain 'dramatically faster' than expected: IBM".

What happens when a block is added to the blockchain?

Whenever a new block is added to the blockchain, every computer on the network updates its blockchain to reflect the change. By spreading that information across a network, rather than storing it in one central database, blockchain becomes more difficult to tamper with.