What's Blockchain Technology?
Blockchain is actually a decentralized, distributed electronic ledger that data transactions across a lot of computers within a community. It is created to securely, transparently, and immutably history information without the will need for a central authority.
Each and every block in the chain has a number of transactions, and each and every time a whole new transaction takes place, a history of that transaction is added to every participant's ledger. The decentralized database managed by several members is referred to as Dispersed Ledger Technology (DLT).
Blockchain derives its name from your way it merchants transaction facts - in blocks which have been joined together to form a chain. As new transactions happen, a document of that transaction is added to every participant's ledger. The database is decentralized and managed autonomously.