How does blockchain work?
In the digital world, we live in, it’s very easy to manipulate information. In fact, it’s becoming harder and harder to know what’s true and who to trust.
The goal of the blockchain as a database is to allow information to be recorded in it, shared, and made accessible to everyone but not make the information editable. This means once the information is in the blockchain, it cannot be changed or misconstrued, or removed. In this way, the blockchain acts as a source of truth.
To understand how a blockchain works, let’s imagine you’re moving houses and you start by packing up your kitchenware.