CRYPTO 101: BLOCKCHAIN FOR BEGINNERS
[1]. Understanding Blockchain
Blockchain sounds complex and remains a mystery comprising of technical jargons used by investors and traders to store information. The technology plays a significant role in today's technological environment that is growing at an a significant rate.
Regardless of its growing influence in technology supply chain, and finance, statistics indicate that most individuals continue to struggle with understanding Blockchain and its significance. However , the good news is that one does not have to be an expert to understand the basics. At its core, Blockchain constitutes a new approach to record and store information on the internet.
What is Blockchain?
The term Blockchain is central to what marketing matters in cryptocurrency and helps people understand how it works. Moreover, the proof identifies as the first step in fostering trust and accessibility
PROPERTIES
🔓 Decentralized
🔓 Shared Digital Ledger
🔓 Records and stores transaction in a secure platform
🔓 No single person controls the Blockchain records
🔓 Transparent and Tamper-proof
🔓 Immutable: Once a transaction is recorded, it cannot be altered or changed. The unique feature helps to prevent fraud and manipulation.