Good day to u all.

I will like to share my little knowledge with you guys so that we will learn together with you. But please if I mention something wrong please don't hesitate to call my attention and make corrections, I will be glad to accept it. Thanks you.

I want to speak on BLOCKCAIN ts FUTURES and how it works.

What is Blockchain?

blockchain is a type of digital ledger or database. Unlike traditional databases that are centralized and controlled by one entity, a blockchain is decentralized and maintained across a network of computers, also called nodes.

Each Block in a Blockcain contains a list of a transaction, once a block is full is linked with the previous block. That makes the block to be immutable.

Features of Blockchain

1. Decentralization

2. Transparency

3. Immutability

4. Security

Now I will take 1 by 1 to explain it in noteshell.

1. Decentralization : This decentralization makes the network more resilient to censorship and single points of failure. Unlike traditional databases with a single point of control, blockchains are distributed across a network of nodes.

2. Transparency : All transactions on a blockchain are publicly visible, allowing anyone to verify the accuracy of the data.

3. Immutability : Once a transaction is recorded on a blockchain, it cannot be changed or erased.

This is achieved through cryptographic hashing and linking blocks together chronologically.

4. Security : Blockchain uses cryptographic techniques to secure data and validate transactions.

I will like to stay here on my next writing I will talk on how does Blockcain works and the Application beyond cryptocurrency.

Thanks you.

M Habib