What is Blockchain? - Priority10News | Exclusive East Africa News,Entertainment And Technology
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    What is Blockchain?


    What is Blockchain?

    Blockchain technology operates as a common, cryptographically verified ledger, distributed across a broad decentralized network of computers (or nodes), largely known for its use in recording value transactions and exchanges.

    Each ledger entry is considered a “block” in the broader “chain,” and each block is cryptographically validated by a consensus-based algorithm which is computed across the node network.

    Each block is not added to the chain until a mathematical consensus is achieved – this is the distributed function that effectively replaces a centralized “clearing house”.

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