Blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data. By design, a blockchain is inherently resistant to modification of the data.
Simply speaking, Blockchain helps in decentralizing the ledger or data or database with the help of cryptography. The blockchain is also called as distributed ledger technology. Some of the famous blockchains are Bitcoin blockchain, Ethereum, Bitcoin Cash, Litecoin etc.
In this post, you will learn different aspects related to what Blockchain can do and what it can not do. On the lighter note, the following represents the fact that Blockchain can’t do everything.
Blockchain can help solve problems related to some of the following:
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