What Blockchain Is and How Does It Work? | Explained Simply! | Skillfloor

What is Blockchain?
A digital ledger (like a book) that stores data.
Decentralized, meaning no single person controls it.
Works across many computers, ensuring security.

How Does Blockchain Work?
Transactions are recorded and verified.
Data is encrypted and linked together.
Information is stored across many computers.
Changes are updated in real-time.

Key Features
Secure: Data is protected from tampering.
Transparent: All transactions are visible.
Immutable: Data cannot be altered.

Applications
Finance: Secure payments and transactions.
Supply Chain: Tracking goods and inventory.
Healthcare: Secure medical records.

Benefits
Trust and accountability.
Increased efficiency.
Reduced errors.

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