I joined this forum because of the topic, I too will like to know more about block chain and the reason why it is the future. Any help please?
In simple terms, block chain is a growing list of digital records for any assets we would like to store. For example, it's simply like a notebook kept in a supermarket to keep track of all the expenses happening in a day. You will buy some goods from the market for a fixed amount, your transaction similar to others are stored in a block and are secured by cryptography making them decentralized and accessible all over the network. Blockchain is as good as it can be implemented in our day to day lives for even the simplest transaction we make. They can be used in banking, medical and other sectors.
However when considering blockchain digital currencies come to picture which could change the future economy and how we handle our assets. Blockchain helps in reducing scams, decentralization etc.
