Sunday, September 25

Tag: CryptoExplainer

What Is Blockchain Technology That Powers The Cryptocurrencies
Science

What Is Blockchain Technology That Powers The Cryptocurrencies

Your Guide To Blockchain TechnologyBlockchain has become a buzzword these days with the rising popularity of cryptocurrencies. So how does blockchain work?The cryptocurrencies run on blockchain technology, a type of database or a digital ledger that records all transactions related to the crypto coins. The technology derives its name from the fact that the information is stored in a chain of blocks.Blockchain technology records information so that it becomes difficult or impossible to hack, alter or cheat the data stored in the systems connected to the network.The digital records of all the transactions are distributed across the entire network of computers on the same blockchain.How Does It Work?The record of all the digital transactions carried out on the system is duplicated and shared ...