What is Blockchain?
Blockchain technology operates as a common, cryptographically verified ledger, distributed across a broad decentralized network of computers (or nodes), largely known for its use in recording value transactions and exchanges.
Each ledger entry is considered a “block” in the broader “chain,” and each block is cryptographically validated by a consensus-based algorithm which is computed across the node network.
Each block is not added to the chain until a mathematical consensus is achieved – this is the distributed function that effectively replaces a centralized “clearing house”.
