Description ✅ Core Features: Decentralization: No single point of control; distributed across a network. Security & Immutability: Tamper-proof records with cryptographic security. Transparency: All transactions are visible and traceable on the ledger. Smart Contracts: Automated, self-executing contracts with predefined rules. Tokenization: Digital representation of assets (currencies, real estate, etc.) 💼 Business Use Cases: Industry Blockchain Application Finance Cross-border payments, fraud prevention, DeFi Supply Chain Provenance tracking, logistics, inventory verification Healthcare Patient data sharing, clinical trials, drug traceability Real Estate Property transactions, land registry, smart deeds Voting Systems Tamper-proof digital voting platforms Legal & Contracts Smart contracts, notarization, digital identity 🛠️ Types of Blockchain Networks: Public Blockchain – Open to…
A transaction is initiated.
The transaction is broadcast to a P2P network.
The network validates it using a consensus algorithm.
A new block is created and added to the chain.
The ledger is updated across all nodes.
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