Blockchain is a technology used as a digital storage system or data bank connected with cryptography. Its use is inseparable from Bitcoin and other Cryptocurrencies.
Even so, there are many other sectors that can take advantage of the technological developments of this Blockchain. To make it easier to understand the meaning of Blockchain, let's look at the naming.
Block which means group and chain which means chain. The meaning of naming this technology reflects how blockchain works. Where, the technology utilizes computer resources to create connected blocks (chains).
The interconnected blocks are later used to execute a transaction. This technology is indeed quite interesting because of its non-centralized nature. Blockchain is able to run on its own using computer algorithms without a certain system that regulates it. #btc #bitcoin #SmartContract #BlockchainRevolution #Cryptocurrrency