Understanding the Basics of Blockchain
Blockchain technology is a foundational innovation that offers new opportunities, especially in the financial sector. It's essentially a decentralized database that is maintained across different nodes, ensuring transparency and security.
Each block in the blockchain contains a cryptographic hash of the previous block, a timestamp, and transaction data, making it immutable and secure.
Key Characteristics
- Decentralization
- Transparency
- Immutability
- Security
Popular Cryptocurrencies
Bitcoin, Ethereum, and Ripple are some of the most well-known cryptocurrencies that use blockchain technology.
Learn more on our Cryptocurrencies Page.
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