The Blockchain technology is the best invention other than the internet itself. It has provided security along with giving financial benefits. Blockchain supplies data in block related in a drawn out chain, each block contain data, a hash of the block and hash of the preceding block. If one tries to temper data, he will have to change thousands of blocks which is nearly impossible.
Working of Blockchain is highly secure and information based. For full thoughtful let’s have a come across at a practical example.
If two people unknown to each other beat on a match, for security they need a third party for security, who will cost both of them some amount of money. Blockchain chain removes this 3rd party. Blockchain will take the money and account information of both men, run a code will check information about the match and after verification, it automatically will transfer money to winner’s account saving money the 3rd party was costing.
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