What is a blockchain?

What is blockchain

What is blockchain? Blockchain technology is essential to the functionality of Bitcoin and other cryptocurrencies. As its name indicates, a blockchain is a set of connected blocks or an online ledger. Each block contains a set of transactions that have been verified by each member of the network. And each newly generated block needs to…

What is a cryptocurrency?

What is a cryptocurrency?

What is a cryptocurrency? To begin with, cryptocurrency is a digital or virtual currency that is secured by cryptography, making it almost impossible to counterfeit or double spend. Therefore many cryptocurrencies are decentralized networks based on blockchain technology, a distributed ledger applied by a network of computers. A defining characteristic of cryptocurrencies is that they…