How Blockchain Works: A Step-by-Step Explanation

Blockchain is a distributed database that ensures security and transparency of transactions without the need for intermediaries. Its functioning is based on the technology of the chain of blocks, each of which contains information about transactions. When a new transaction is created, it is recorded in a block, which is then added to the previous blocks, forming an immutable chain. This process is confirmed using cryptographic algorithms and the network of participants, making the system decentralized. Thanks to this architecture, blockchain guarantees transparency, security, and resistance to counterfeiting.