What Is Blockchain ?

Blockchain is a revolutionary technology that acts as a decentralized, distributed, and immutable ledger. Imagine it as a digital record book that isn’t stored in one central location, but rather across a vast network of computers.

How Blockchain Is Works?

1. Transaction is created.
2. Transaction is verified by the network.
3. A new block is created, containing the verified transaction.
4. Block is added to the blockchain, forming a permanent record.
5. Blockchain is updated across all nodes in the network.

Types of Blockchain

• Public Blockchain –Anyone can participate.
• Private Blockchain – Controlled by an organization.
• Consortium Blockchain – Controlled by a group of organizations.

Is MDC On Public Blockchain ?