What is a block in the blockchain? A collection of data bi
Most people think that data consists only of financial transactions, but that is wrong. A block contains various types of data, such as medical documents, including important hospital records, and business documents, such as commercial agreements, and so on. There are many types of data stored on the blockchain in the form of blocks connected to each other by a hash ("password"). You might ask yourself: What does this data have to do with the blockchain, or why is it even stored on the blockchain? 🤔 The answer is that the blockchain is a system for protecting data without relying on a central authority such as banks, hospitals, companies, commercial institutions, and so on.
This ensures that a hospital won't tamper with patients' records for its own financial gain. Or, when it comes to companies, how can I ensure that a company won't change an agreement? I think you still haven't quite understood, so in the next lesson I'll explain the contents of a block in detail.
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$BNB
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Most people think that data consists only of financial transactions, but that is wrong. A block contains various types of data, such as medical documents, including important hospital records, and business documents, such as commercial agreements, and so on. There are many types of data stored on the blockchain in the form of blocks connected to each other by a hash ("password"). You might ask yourself: What does this data have to do with the blockchain, or why is it even stored on the blockchain? 🤔 The answer is that the blockchain is a system for protecting data without relying on a central authority such as banks, hospitals, companies, commercial institutions, and so on.
This ensures that a hospital won't tamper with patients' records for its own financial gain. Or, when it comes to companies, how can I ensure that a company won't change an agreement? I think you still haven't quite understood, so in the next lesson I'll explain the contents of a block in detail.
#Binance $SUI
$BNB
$BTC