All The Basics You Need To Understand How Blockchains Ecosystems Work The digital world is slowly being taken over by the rise of blockchain technology. Blockchain is finding application within any industry that has an aspect of security in it such as finance, healthcare, and asset management among others. While blockchain technology is an ingenious invention, it’s also sophisticated. That's why beginners need to understand how blockchains ecosystems work. What Is Blockchain Technology? Anyone interested in blockchain technology will always want to know what it is before delving deep into the subject. Blockchain technology is a digital public ledger system used to record online transactions. The main properties that have made it quite popular include its ability to promote decentralization, transparency, and immutability. In simple terms, blockchain technology is a chronological collection of blocks with each block containing data and information. All the blocks in the collection are linked to each other using cryptography and each will have a hash ID and transactional data. What you end up with is a chain of blocks that make up the blockchain. https://www.minds.com/newsfeed/1072459595424182272?referrer=alidervash101