DeCrypting Crypto

What is a blockchain?

Cryptocurrencies like Bitcoin and Ethereum are powered by the blockchain, a technology that is a list of transactions that anyone can view and verify.

A blockchain can contain a record of every time someone sent or received something for instance bitcoin. Cryptocurrencies and the blockchain technology that powers them make it possible to transfer value online without the need for banks or credit card company.

Almost all cryptocurrencies are secured via blockchain networks and constantly being verified by a huge amount of computers and computing power. These include cryptocurrencies like Bitcoin, Bitcoin Cash, Litecoin and Ethereum.

With the clever cryptographic nature of these networks, payments via blockchain can be more secure than standard debit/credit card transactions because you never need to provide any sensitive information so there will be no risk of your identity being stolen or your information being compromised.

Leave a Reply