- Simply said, blockchain technology is a decentralised, distributed ledger that tracks the provenance of digital assets. Because the data on a blockchain cannot be changed, it is a legitimate disruptor in industries such as payments, cybersecurity, and healthcare. Our expert will explain what it is, how it is used, and its history.
- Every chain is made up of several blocks, each of which comprises three basic elements:
- The information in the block.
- A nonce is a 32-bit whole number. When a block is constructed, a nonce is generated at random, which then generates a block header hash.
- The hash is a 256-bit number that is associated with the nonce. It has to begin with a large number of zeros (i.e., be extremely small).
Read More: What is encryption? What is its role in Blockchain?