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In the words of, Don & Alex Tapscott “The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.”
A block chain is a digitized decentralized, public ledger. It is an incorruptible digital ledger of transactions that can be programmed to record virtually everything of value
Decentralization is the process of making system where no single entity is able to own the master key and govern the data and overall system; even they created the system. It is a powerful word in today’s society and another feature of Blockchain that makes people hopeful about the future where every individual will have control and power over the internet.
Out of beginning with the Era- of - Barter System towards growing Digitally we accomplish a virtual asset as a medium of exchange baptized as – CRYPTOCURRENCY. Out of it individual coin ownership records are stored in a ledger existing in a form of computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.