Understanding Blockchain Technology: How Does Blockchain Works?

[{"selector":"#anim-8d48e5cc-dd73-4d21-b574-6873aa54c984","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ac3cfbb9-3fca-43b6-b2f8-2bb9e4488324","keyframes":{"transform":["translate3d(0px, 163.48007%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] By Ecrypto.co.in

[{"selector":"#anim-8ad0aeb4-0c67-4f8f-9bc6-14b12c597407","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2dc27113-1a39-40be-8246-d2d56d7711da","keyframes":{"transform":["translate3d(0px, 181.69588%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] You must have also heard about “ blockchain”- the technology underlying these cryptocurrencies. Though this term has been used for decades, it’s now becoming very popular with the recent crypto boom.

What is Blockchain?

[{"selector":"#anim-22ffc0b6-b2bb-4ac6-80a3-2f927f0c9ac6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b530a7a6-cf75-496a-b441-4a8adcabda77","keyframes":{"transform":["translate3d(0px, 160.11695%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] A block is a collection of data. And each piece of data is added to the blockchain by connecting one block after another in a chronological way, And this series of connected blocks one after another makes it a chain of blocks

Why Blockchain Matters?

[{"selector":"#anim-c3e1d4c3-cc0c-472c-b642-d4ed74728136","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9e7a39fe-f063-4cee-907e-f17c64a71267","keyframes":{"transform":["translate3d(0px, 160.11695%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] A block is a collection of data. And each piece of data is added to the blockchain by connecting one block after another in a chronological way, And this series of connected blocks one after another makes it a chain of blocks

What is Blockchain?

[{"selector":"#anim-7d7e46da-e709-497e-aa5b-5b00dcde1aaa","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f5ce8d7d-5ed3-451d-a9ae-6d31b1c6745d","keyframes":{"transform":["translate3d(0px, 160.11695%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] A block is a collection of data. And each piece of data is added to the blockchain by connecting one block after another in a chronological way, And this series of connected blocks one after another makes it a chain of blocks