- Blockchain ! Blockchain ! and Blockchain ! WTF is Blockchain. If you are into tech you must have come across this term and i bet you would have listened about term crypto, bitcoin. Well Before Climbing tree let's learn about Seed and that is "Blockchain".

After the 2020 Bull Run , World Saw a exponential growth in Blockchain Industary. Tech Enthusiast started adding value in this technology and then after many new blockchain projects were launched. According to the study published by NAASCOM , India Currently possess 11%of world’s web3 talent. This Figure makes India the Worlds third largest regarding it’s web3 workforce employing nearly 75000 blockchain proffesionals today. And according to study it is expected that 120% talent pool growth by the next upcoming next 2 Years.
So Without any delay, let’s Dive into “ Blockchain”.

We all know that Web1 was limited to just browising on world wide web, It lacks the Connectivity problem, Which was solved by Web2. Due to Web2 Revolution Connectivity Increased now anyone can communicate with anyone across the globe. The Only Problem with web2 was it was centralized like your data was secured to single authority , and thus it was “ TRUSTLESS’. To solve this “ Trust” issue a new Revolution Web3 has emerged . And “Blockchain” is the Backbone of this New emerging Technology Called Web3.

Defination: Blockchain is a distributed immutable ledger which is completely transparent. Explanation . Suppose You Buy grocery from your neighbor Vendor on a daily basis and the vendor records all your payment in his book ledger and as the month ends , vendor sum up the total amount which you need to pay. One day by mistake a cat drowned water on his ledger and your payment records get tempered. blockchain can solve such behavior easily. In blockchain all your transaction are recorded in a block . after every transaction a new block is generated which is then distributed across all the (nodes/computer). all nodes can see your transactions and if any node tries to temper that block , every nodes gets a notification and thus your block gets prevented from being tempered.

Key Points.

First generated Block is called “Genesis”. Blockchain assures Trust . Blockchain assures Security to your data . Blockchain is decentralized like every node has same power and same authority. Blockchain assures Transparency. (Stay tuned for next exciting blog on blockchain network and other educational crypto and blockchain blog)