Understanding Blockchain Technology

Blockchain technology is a network that stores information in a distributed and transparent manner, making it secure for direct transactions without intermediaries. There are different types of blockchains: public, private, and public permissioned. Public blockchains like Bitcoin and Ethereum allow anyone to join, while private blockchains restrict access to specific entities. Public permissioned blockchains combine elements of both, offering transparency and control for use cases where oversight and transparency are necessary.