Blockchain is a decentralized consensus mechanism. In a blockchain, all peers eventually come to an agreement regarding the state of a transaction.
Blockchain is a distributed shared ledger. Blockchain can be considered a shared ledger of transactions. The transaction are ordered and grouped into blocks. Currently, the real-world model is based on private databases that each organization maintains whereas the distributed ledger can serve as a single source of truth for all member organizations that are using the blockchain.
Blockchain is a data structure; it is basically a linked list that uses hash pointers instead of normal pointers. Hash pointers are used to point to the previous block.
Follow me on :-
Youtube : https://goo.gl/2exULj
Instagram : https://goo.gl/ikLTyb
Quora : https://goo.gl/sEoxY3
Medium : https://goo.gl/M3QvUq
Linekdin : https://goo.gl/LeaGSF
Steemit : https://goo.gl/o7RUj7
GitHub ; https://goo.gl/3R38LK