#CreatorPad
Blockchain, or "the chain of blocks", is a technology for securely and reliably storing data. Think of it as a shared digital ledger that is not owned by a single person but is distributed across a network of computers. This ledger cannot be manipulated or altered by any single individual.
Here are its main features and how it works:
* Immutable record: Data is stored in "blocks" linked together in a chronological chain. Each block contains a digital signature of the previous block, making it impossible to change any data in an old block without altering all subsequent blocks, which requires the consent of all network participants.
* Decentralization: There is no central authority controlling the network (like a bank or government). Each user has a copy of the blockchain record, which means decisions are made by consensus among participants, ensuring transparency and making the system resistant to fraud or hacking.
