Please step me through the way blockchain works.
This is an example of a technical question. Technical questions ask you about terminology, concepts, or processes used in the work you do. When responding to technical questions, you should keep your answers brief and to the point. The interviewer will ask you a follow-up question if they need additional information or want to explore the topic in more detail.
"Blockchains work by creating individual immutable records of data, which are called blocks. Each block is linked to the others using cryptography, which is a process to encrypt and secure data communication between third parties. Once the data in a block has been recorded, it cannot be changed. This is due to each block being timestamped and recorded across a distributed database managed by multiple parties."
