#Blockchain

In recent times the blockchain has become the most trending technology on the internet. This has given birth to the cryptocurrency most famous among them are bitcoin, ethereum, and dogecoin. It is quite simple as a database where information is recorded in the system, which is impossible for anyone to make a change or hack. When there is a digital transaction made then it is automatically distributed across the network of the system. Therefore, it makes it impossible for hackers to replicate or to make a change. It can only be possible when they can make a change in all the blocks of the chain which can never be possible for anyone to ever achieve it. So, this blockchain has made transactions too easy and a trustable system that was never before. Each block contains many transactions and when a transaction is made it gets added.

##The benefit of BlockChain

For humans, it is a trust issue with the third party to maintain the records and its validation, because it can be vulnerable to middle-man and other unfair means. Herewith blockchain is the data accuracy required of the authorized person and then the transaction is possible and in the receivers end also it can be tracked at the time. It can only be accessed with the specific person who has access only through you or you have permitted them to do so. In Blockchain many manual maintenances of record-keeping are avoided and there is an assurance of the security with the network system. Participants are anonymous with their identity. Many banking systems and other organizations have started to adapt this to their business making a payment through a bitcoin which uses the concept of blockchain. Hope this has given you an idea about a blockchain and how it is useful for the modern generation.

Mostly this article is for beginners or dummies who do not know blockchain.

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