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Writer's pictureMasharee S

5 Facts for understanding about Blockchain


1. Blockchain is a new technology behind Bitcoin and every cryptocurrency.


2. Blockchain come from two word which is "Block" and "Chain". Block is a block that stored information and data use Chain to connect each block of information together and to protect the information they need to seal with code. And each information that stored will stamp time and date then separate into blockchain network.


3. Data in Blockchain can be verified because everybody in the network can check the transaction.


4.When we transfer digital money on blockchain network every transaction will be record in the block of information and it will increase the number of block continuously. If you want to change the data in the blockchain you need to change all of the information in the network.

5. Blockchain can use in other industrial such as real estate business, hospital business, retail business, energy business, education business, etc.










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