What exactly is blockchain | Candider
What exactly is blockchain
24th Jan 2020 10:41 pm
Technology expert
Following results are obtained by our Internet Research Algorithm:   Blockchain is a distributed database that exists on multiple computers at the same time. Blocks are the constantly growing new sets of recordings. Each block contains a timestamp and a link to the previous block, so they actually form a chain. The database is not managed by any particular body; instead, everyone in the network gets a copy of the whole database, and due to this algorithm, there is no single point of failure from which records or digital assets can be hacked or corrupted. All blocks are encrypted in a special way, so everyone can have access to all the information, but only a user who owns a special cryptographic key is able to add a new record to a particular chain. For further explanation, please let us know, we would love to help you.
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