Blockchain is a growing list of records, called blocks, which are connected using cryptography. By structure, a blockchain is resistant to change the data. It is "an open, distributed record/ledger (independently maintained database) that can record transactions between two parties efficiently and in a certain and permanent manner".
Blockchain is typically managed by a peer-to-peer network collectively adhering to a protocol for inter-node communication and approving new blocks. Once recorded, the data in any block cannot be altered. Although blockchain records are not unalterable, blockchains may be considered secure by design and exemplify a distributed computing system with high Byzantine fault tolerance. Decentralized accord has consequently been claimed with a blockchain.
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