What is blockchain in simple terms?

what is blockchain in simple terms


In simple terms, a blockchain is like a digital, public ledger that keeps a secure record of transactions

Think of it as a chain made up of blocks, where each block contains a list of transactions. Once a block is filled, it's linked to the previous one, creating a chain of information.

The special part is, once data is added to a block, it's nearly impossible to change. This makes blockchain very reliable. It's not controlled by any single person or organization, making it decentralized and transparent.

This technology is not limited to just money it can be used to store all kinds of digital information securely, making it useful in various fields, like finance, supply chain management, and even voting systems.