Lifting the lid on the tech we’ve all heard so much about, yet many of us haven’t wrapped our heads around… yet
Although the term “blockchain” has become part of our modern lexicon, a lot of people are left asking, “what is blockchain?” Is it a cultural phenomenon? A reimagining of the internet’s potential? A fool-proof answer to online security issues?
There are more questions surrounding the nature of blockchain than there are cryptocurrencies in existence — and, believe us, there are a lot of cryptocurrencies. (More than 7,850 as of the publication of this article, according to coinmarketcap.com.) But there remains plenty of confusion regarding what blockchain is, what it does, and how blockchain works. You might know that blockchain relates to cryptocurrencies in some way, but you might not know in what capacity, or what other industries this technology applies to.
While nobody is entirely sure who Satoshi Nakamoto is — potentially the creator of Bitcoin (the first cryptocurrency), according to Newsweek — there’s no denying that blockchain is a technology that’s developed, evolved, and grown into one of the defining inventions of our age. With new blockchain benefits emerging every year, it feels as though we’re only at the beginning of a truly remarkable technology.
With that in mind, let’s focus on the big question. What is blockchain, really? And how does blockchain work?
Let’s hash it out.
What Is Blockchain? Blockchain Definition and Explanation
In the most basic sense, a blockchain ..
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