The blockchain network checks in with itself every 10 minutes to guarantee that it is in a state of consensus. Any transaction that occurs in ten-minute intervals is reconciled by the network, which operates as a self-auditing ecosystem of digital value. A group of these transactions is referred to as a “block.” As a result, the following two essential characteristics emerge:
Transparency data is ingrained in the network as a whole and is, by definition, accessible. It can’t be tampered with since altering each and every bit of data on the blockchain would need a huge amount of processing power to get across the whole network.