BLOCKCHAIN

  What is Blockchain: Features and Use Case Next With close to 3,000 different cryptocurrencies in the market right now, it’s clear that despite their volatile nature, they are here to stay. But did you know almost all cryptocurrencies were born from the same concept? Nearly all cryptocurrencies are based on blockchain technology. Also referred to as the shared ledger, given its distributed nature, blockchain is considered one of the most secure digital technologies. What Is Blockchain? Blockchain is a list of records called blocks that store data publicly and in chronological order. The information is encrypted using cryptography ensure that the privacy of the user is not compromised and data cannot be altered. Information on a Blockchain network is not controlled by a centralized authority, unlike modern financial institutions. The participants of the network maintain the data, and they hold the democratic authority to approve any transaction which can happen on a Blockchain network.