Blockchain technology functions as a decentralized ledger where each transaction is securely verified across multiple computers, making it highly resistant to hacking or alterations.
This system creates a continuous series of blocks, each one containing a record of the preceding transaction.
The blockchain is protected by a consensus mechanism called “mining,” which incentivizes network nodes to validate transactions and add new blocks.
This ensures that tampering with the data on the blockchain is nearly impossible and prevents unauthorized changes. Additionally, due to its distributed nature, there is no single point of failure.
This means that if one node fails, the others will continue to function without disruption.
