Blockchain technology process steps

The process of using blockchain technology typically involves several steps, including transaction initiation, transaction validation, and transaction recording. When a transaction is initiated, it is validated by a network of nodes using consensus algorithms, and once validated, it is recorded on the blockchain. The decentralized nature of the blockchain ensures that transactions are validated by anyone in the network, making it highly resistant to hacking and tampering. The transparent and immutable nature of the blockchain also promotes trust and accountability.