What is Blockchain? Importance of it.

Hello friends, How are you all? Hope all are great by the grace of almighty Allah. I am also well.

I am going to reveal to you today about blockchain. We work on this platform. And all the actions we post, comment, vote etc. on this platform are always recorded. The thing to record is the blockchain. Our every moment actions are stored in this blockchain. Since it is a decentralized platform everything is stored in this blockchain. All our actions are stored in a ledger and this ledger is blockchain.

Source

As we work on this platform, this blockchain name is Steemit blockchain. Apart from this blockchain, there are many other types of blockchain in the world. This blockchain is used to protect people's safety. This blockchain is used for the security of any cryptocurrency people. If everything was not recorded in the blockchain then the risk of cryptocurrency would be greatly increased and nothing would be safe. Will not accept cryptocurrency if it is not connected to the blockchain. Here all types of information are stored in a database. Every information is stored in this blockchain. When new data is added to this blockchain, it is accumulated in clusters. And these clusters keep getting bigger and the blockchain is always running.

Since it has chain in its name, it means that it is related to chains. All the information here is connected like a chain and becomes very large. As a chain grows larger, these data aggregates grow larger. The new data is added to the data previously stored in the blockchain to form a chain. Steemit has about 40 transactions in a block of three seconds. These transactions are always ongoing and they will always be ongoing. Because it is like a chain, it contains a lot of information.

No more today, I am leaving for today. In the next day I will a very nice post. Everyone will be good with everyone in the family and as many friends and relatives as they need. I hope you stay healthy. Thanks to all.