Blockchain: The Future of Secure Transactions An overview of blockchain technology, its applications, and impact.
Introduction to Blockchain Blockchain is a decentralized digital ledger technology that ensures secure and transparent transactions.
How Blockchain Works - Transactions are grouped into blocks - Blocks are linked using cryptographic hashes - A decentralized network verifies transactions
Key Features of Blockchain - Decentralization - Transparency - Immutability - Security
Types of Blockchain - Public Blockchain (e.g., Bitcoin, Ethereum) - Private Blockchain (e.g., Hyperledger, Corda) - Consortium Blockchain
Applications of Blockchain - Cryptocurrencies - Smart Contracts - Supply Chain Management - Healthcare Data Security - Voting Systems
Challenges and Limitations - Scalability Issues - High Energy Consumption - Regulatory Concerns - Security Risks in Smart Contracts
Future of Blockchain Advancements in: - Blockchain Scalability - Integration with AI and IoT - Decentralized Finance (DeFi) - Improved Security Measures
Conclusion Blockchain is transforming industries by enhancing security and transparency, but challenges must be addressed for wider adoption.