How Blockchain Works?

Learning how a blockchain works is the initial step in taking advantage of the technology. A blockchain is a type of distributed ledger that uses file encryption to store permanent and tamper-proof records of transaction data. The data is stored via a peer-to-peer network using a consensus principle to verify each transaction.

Find out how a blockchain unit of value moves from party A to party B in the infographic shown below. It describes how blockchain works from transaction beginning, through confirmation, fully to delivery.

Infographic source: Pinterest

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