Contest alert !! || Learn briefly about blockchain working

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Greetings steemians how are you all doing today I hope all is well and you all are enjoying your day, today I will be taking part in a contest organize by @khursheedanwar here in the Steem4bloggers community which is titled Learn briefly about blockchain working

Despite blockchain being the leading phrase in our today's world but yet still not everyone can fully understand what a blockchain is and how it works which in my today's entry I will share with you all what and how a blockchain works, the people involved in it's operations and much more

So sit back relax and read through my entry and let's learn together, note you are free to correct me anywhere that I'm wrong using the comments section.

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How Generally A Blockchain Work?

According to my own understanding a blockchain is a distributed database that does not store any of it's information in a central location rather it copies and spread a network of computers and when ever a new block is added (minded or minted) all the computers update to reflect the certain changes.

Who Is Involved In Operating A Blockchain And How Much Blockchain Provides Security?

Studies shows that they are different participants who play this role and amongst them are blockchain users, though each blockchain network has different people (regulators) or users that operates it.

According to cryptography every transaction that is being carried out on the blockchain is secured with cryptographic principles which helps in ensuring data authentication and encryption with a public key infrastructure that grants users to receive assets.

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How Consensus Mechanism In Steem Blockchain Is Working For Achieving Agreement Among Its Users?

Studies show that a consensus mechanism is a set of computer protocols or rules/ethics that brings all connections of distributed database of blockchain network in agreement on a single data set.

Also in a blockchain a consensus mechanism is seen as a system that validate and marks all transactions as being authentic which is complete and secure for the purpose of building trust amongst traders.

So when viewing that on the steemit platform trust me it is very much working as according to my experience no transaction that I have done here on the steemit platform has ever had a problem or issues and thus building in me a sense of trust in it.

^{This will be the end of my entry and I will like to invite some of my friends @robin42, @slon21veka, @malikusman1 & @edidiongeffiong to also participate in this amazing contest}