The gigantic potential of blockchain technology is becoming increasingly apparent. How does it work?
Blockchain technology is a distributed ledger data base for recording transactions, known as blocks. Blockchain is forgery-proof: Each new block is connected to the previous block and contains the history in the form of its checksum (a kind of checksum). In addition, each block also contains the checksum of the entire chain. This makes the order of the blocks unique. All data are stored in encrypted form.