For more superb educational content visit our website
What is Blockchain and how is it different from cryptocurrencies?
As both the concept of blockchain and cryptocurrency are new to the general public, many people started to use it interchangeably. However, using them in this manner is wrong. Part of this confusion can be attributed to how these terms came into use. Instead of being introduced by their formal definition and distinguished as different. Let’s delve deeper into how these two terms are different and what they mean exactly.
What is blockchain?
Blockchain (originally block chain) is a distributed ledger technology. It is basically list of records, called blocks, which are linked using cryptography. Each block has transaction and message information bundled within it. These blocks are then validated and posted on a transaction chain next to the previous blocks in the chain. Blockchain permanently records every single detail, and stores it…