A Blockchain is a constantly growing ledger that keeps a permanent record of all the transactions that have taken place in a secure, chronological, and immutable way.
A blockchain is a chain of blocks that contain information. Each block records all of the recent transactions, and once completed goes into the blockchain as a permanent database. Each time a block gets completed, a new block is generated.
Blockchain technology facilitates secure transactions of valuable assets, such as digital files, properties, currency, and much more.
Blockchain is based on decentralization networking technology, just like a peer-to-peer network. Blockchain’s decentralization works just like Napster: each party in the network is connected to the other.