Introduction to Blockchain technology

The core concept of Blockchain technology is to have blocks of data that are secured and hard to manipulate. The Blockchain is a digital ledger that acts as a distributed database that keeps records of all transactions in the network. A block can be described as a single sheet in the digital ledger. This sheet contains the actual transactions that are conducted on a network, such as the sending and receiving of money. The block is processed as a whole and is protected using cryptographic signatures. All the processing is done in a decentralized way. There is a network of miners or master nodes that are responsible for handling the processing of transactions. The digital ledger is distributed. This means that rather than being stored centrally, it is stored across many devices. This makes it hard for any single party to manipulate it as there...