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A guide to Blockchain: The technology for a digital future

Blockchain was introduced to the world with the entry of the globally famous cryptocurrency, Bitcoin. Now, it is important to know that the applications of blockchain technology are not limited to bitcoins. As one digs deeper into this futuristic technology, there is so much more to discover. From formulating self-executing digital contracts to storing medical data, blockchain does it all. There is no constraint to its germination, therefore, allowing it to be an exceptional technology to work with. The idea of blockchain is quite simple to grasp on the surface, but it might get more complicated as we get into it. The diverse uses of blockchain technology contribute to the difficulty in completely comprehending the vast subject.
What is Blockchain?
A blockchain is a digital ledger that stores data while eliminating the risk of manipulation. Information on the blockchain is shared with the whole network and verification takes place transparently. Data is not stored on a single location and therefore it is not vulnerable to hacking.

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