WHAT IS BLOCKCHAIN TECHNOLOGY
The technology behind all cryptocurrencies and many associated goods, such as non-fungible tokens (NFTs), is called blockchain.
All cryptocurrency purchases and sales are essentially tracked on this virtual spreadsheet. The term comes from the way they are placed in blocks that are connected to form a huge chain.
Each bitcoin $BTC transaction is manually entered into the blockchain by a vast network of volunteers who use computer programs to confirm its legitimacy.
As people from all around the world compete to be the first to successfully update the blockchain, the major challenge is the enormous amount of energy required for the mining process.