Blockchain Technology Guides

Blockchain has been somewhat of a star player in the finance sector, bringing in rave reviews. Great expectations have been placed on this evolution of distributed ledger technology (DLT), which has been greatly discussed and debated. It is a well-known fact that blockchain tech makes for easy and quick transactions, and therefore it’s the underlying engine of essentially all cryptocurrencies, but it is more than just that. It isn’t just transforming payments, but mainstream banking…

Blockchain technology has been taking the world by a storm, and everyone seems to be eager to learn more about the technology and its various applications in different fields and sectors. While everyone is familiar with the use of this technology for cryptocurrency, there are a lot of other uses for the technology as well. What Is Blockchain? Although many are aware of the existence of blockchain technology, not many know what it exactly is….

Most people know that cryptocurrencies such as Bitcoin use blockchain technology, but what exactly is blockchain? If you imagine Bitcoin as a car, then blockchain would be the combustion engine; i.e. blockchain is the underlying technology that drives the system. You could think of blockchain as a database which records a single, trusted version of the digital history. We call this “database” a digital ledger. It’s important to have one version since it means data…