There have been quite many talks about cryptocurrency, especially bitcoin, in the last couple of years. The conversation never completes without mentioning the latest buzzword, blockchain.
What is it? Why is everyone talking about it? Let’s get some answers.
Blockchain technology is a transaction record database validated, distributed, and maintained by a network of computers. Unlike a bank that holds all the records for everything, a large community oversees all the blockchain transactions. It is also known as a decentralized peer-to-peer network.
He also displays a block of blockchain and its components in the video. When you attach all of them, you get a blockchain.
We hope you understand the basics of blockchain now.
Keep visiting this space for more cryptocurrency and blockchain tips and news from your favorite influencers.
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