Mayank Pratap, a cofounder of EngineerBabu.com gives an approachable in-depth look at blockchain technology.
There’s a common misconception among people that Bitcoin and Blockchain are one and the same, however, that is not the case.
Blockchain can be described as a data structure that holds transactional records and while ensuring security, transparency, and decentralization.
Once an information is stored on a blockchain, it is extremely difficult to change or alter it.
Blockchains are decentralized in nature meaning that no single person or group holds the authority of the overall network
Interaction between two parties through a peer-to-peer model is easily accomplished without the requirement of any third party.
Blockchains are considered tamper-proof as any change in even one single block can be detected and addressed