Do all cryptocurrencies use blockchain?

Cryptocurrencies do not use the same blockchain, and instead, use different blockchain technologies. Developers create cryptos for various purposes and use cases. Since blockchain provides a way to record information securely, each cryptocurrency can choose what data it wishes to store.

What is blockchain technology, and how does it work?

How does blockchain technology work? Blockchain is a distributed, peer-to-peer transaction ledger. It is not owned or managed by a single central entity; rather, it is owned and governed by the individuals who use the network. The blockchain network leverages the nodes in the network to authenticate transactions.

How to find my transaction on the blockchain?

Here’s a screenshot from the blockchain.com block explorer for a Bitcoin transaction: The transaction Hash ID The transaction hash, also known as the Transaction ID, is the identifier of this specific transaction. ... The sending address (es) This section shows which address is sending cryptocurrencies associated to it, as well as how much it is sending. ... The fees Most cryptocurrency networks have fees associated with transactions. ... More items...

How can I look up a transaction on the blockchain?

— Blockchains are public ledgers, meaning anyone can see all transactions ever made — You can use Block Explorers to easily navigate and search your blockchain transaction history — A transaction’s main elements are: the Transaction ID, the sending & receiving address, the associated fees and the transaction’s status — Ledger Live allows you to easily access blockchain explorers for each transaction