What is a crypto blockchain & how does it work?

A crypto blockchain is distributed across the digital currency’s entire network. No company, country, or third party is in control of it; and anyone can participate. The network is constantly checking and securing the accuracy of the blockchain. How do you send and receive money over a blockchain?

What is bitcoin & how does it work?

Bitcoin is the first and most widely recognized cryptocurrency. It enables peer-to-peer exchange of value in the digital realm through the use of a decentralized protocol, cryptography, and a mechanism to achieve global consensus on the state of a periodically updated public transaction ledger called a 'blockchain.'

What happens if a transaction goes through a blockchain?

Transactions don’t go through right away. They have to wait for the next block to be added to the chain — a time period that can differ by blockchain. After a block is created and becomes part of the blockchain, all the transactions that are contained in it will become part of the blockchain, too.

Why is blockchain technology so exciting?

Blockchain technology is also exciting because it has many uses beyond cryptocurrency. Blockchains are being used to explore medical research, improve the accuracy of healthcare records, streamline supply chains, and so much more.