AUC BlockChain Explained

Advanced Project
1 min readApr 7, 2023

Blockchain refers to a digital ledger that encrypts transaction information occurring in a public or private network and is shared among the members of that network. Whenever a copy of the transaction ledger is ‘distributed’ to each network member and a new transaction occurs, the transaction is authenticated with the consent of the members. It is characterized by the fact that it is based on a P2P network method without relying on a centralized system. By eliminating the need for transaction intermediaries, you can increase the efficiency and transparency of transactions and enable faster and safer transactions at less cost. Since transaction information based on blockchain cannot be arbitrarily changed, the reliability of transactions is increased and information tracking is facilitated. Based on distributed ledger technology, the same transaction books are opened to all network participants and new information is updated simultaneously in real time. So, if you want to randomly change one transaction information, you have to hack a lot of computers at the same time, which is virtually impossible.

👉👉 Catch up with AUC

AUC Official Channels📌
Block explorer: