BlockChain Technology Part II

BlockChain is a technology which creates a decentralized public records of transactions. These transaction remains secure, anonymous, hassle free and most of all unchangeable. That means, something once recorded on the Blockchain always remains on it.

Example: Whenever a person transact something on Blockchain, a new block creates and the submitted into the already built chain which is recording transactions consistently. If Brain wants to send some money to Dom via blockchain technology, then a transaction record will generate which will be added to the Blockchain network, which can be seen anytime publicly.

The main highlight of blockchain technology is that, it diminishes the presence of Intermediary while conducting a transaction.