UNDERSTANDING BLOCKCHAIN TECHNOLOGY
Understanding Blockchain Technology BASIC BLOCKCHAIN PDF By Pothihai Selvan S P, 3rd Year ECE, Government College of Engineering, Erode Introduction: The Future of Finance Blockchain technology is a revolutionary innovation that has transformed industries, particularly finance. A blockchain is a transparent, decentralized system that allows for secure money exchanges without the need for a central authority, such as a bank. It is expected that the blockchain market will be worth over $3 trillion in the next five years due to its ability to solve digital identity issues and its irrefutable security. What is Blockchain? Blockchain is often associated with cryptocurrencies like Bitcoin. It is essentially a distributed ledger, or a database of transactions, validated and maintained by a global network of computers. Unlike traditional centralized systems, no one person or authority can control or alter the transaction history. Blockchain’s decentralized structure makes it tampe...