BlockChain has grown as huge as it seems. The blockchain is a wallet that carries a potential to kill the huge industries which have been functioning via financial institutions. By making the transaction processes more democratic and more systemized with no power in the hands of third-party financial institutions.
What is BlockChain?
In layman’s language blockchain is a simple network of nodes that can effortlessly record transactions between people. The transaction happens to be verified and permanent. Blockchain offers a corruption free way to transact between parties who transfers and transaction happen with ease. The model works on a chain reaction system where each block is connected to the genesis block where none of the blocks can be altered. The whole chain will have to be changed if the protocol of one block is changed or tampered with. BlockChain easily decentralizes the power making it even safer for transactions.
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