A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems.Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. For maintaining a secure and decentralised record of transactions, blockchain development is necessary. Blockchain is a database which is distributed amongst various nodes of computers and stores digital information. A blockchain collects all the information in the form of blocks, each block has information and is closely linked to the other blocks, thus forming a chain of networks known as Blockchain.
Blockchain has a key role in cryptocurrency as it records all the types of transactions occurring for a single coin or crypto.
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