Blockchain Technology

Blockchain is poised to transform industries by increasing transparency, efficiency, and security in various processes.

A fork occurs when a blockchain splits into two separate chains due to protocol changes or disagreements.

While blockchain itself is secure, associated applications like wallets or exchanges may have vulnerabilities.

It refers to the ability of a blockchain network to handle a growing number of transactions efficiently.

PoS selects validators based on the amount of cryptocurrency they stake, consuming less energy than PoW.

PoW requires miners to solve complex problems to validate transactions and secure the network.

Blockchain is highly secure due to decentralization and cryptographic hashing, but vulnerabilities can exist in associated systems.

Public blockchains are open to all, while private ones are restricted to specific participants.

It’s a self-executing program on a blockchain that enforces agreements automatically when conditions are met.

Blockchain is used in healthcare, logistics, digital identities, supply chain, and voting systems.