* Our Parent Company Crypto Token is LIVE!!! *Flag Token

Blockchain meaning: What exactly are blockchain currencies?

Date:

Share post:

Blockchain is fast becoming one of the most relevant terms in the financial world, with the shift towards this type of technology accelerated by the COVID-19 pandemic.

Here, we give you a complete guide as to all things blockchain.

What is blockchain?

Blockchain is a digitally distributed, decentralised, public ledger that facilitates the process of recording transactions online.

The sole aim of blockchain is to store and share data, and the blocks contain all of the transactions that have taken place on the network.

In a blockchain, a request for a transaction is made and then the system authenticates this request. This leads to the creation of a ‘block’ representing the transaction, which is forwarded to every participant on the network.

The participants compete to validate the transaction, and when it is validated, the block is added to existing blocks, which in turn forms a chain.

This process whereby the various participants compete to authenticate a block and verify a transaction is known as “mining“.

Who invented…

Read more…

Related articles

How to Build Tech and Career Skills for Web3 and Blockchain – Spiceworks News and Insights

How to Build Tech and Career Skills for Web3 and Blockchain  Spiceworks News and Insights Read more...

Flare and Uppercent Creating First NFT Marketplace for E-Learning

As stated in the partnership agreement, members on the Uppercent platform can sell, buy,...

Bitcoin Miner Argo Blockchain Loses CEO

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has...

Argo Blockchain plc's Peter Wall to step down as chief executive – Proactive Investors USA

Argo Blockchain plc's Peter Wall to step down as chief executive  Proactive Investors USA Read more...