You may have heard the term “blockchain technology” being thrown around a lot lately, but what exactly is it? In short, blockchain technology is a distributed database that allows for secure, transparent and tamper-proof transactions. It is often described as a “distributed ledger,” meaning that data is stored and verified by multiple computers instead of just one. This makes it ideal for secure transactions such as cryptocurrency payments.
- Blockchain technology is a distributed database that allows for secure, transparent and tamper-proof transactions
- Another benefit of blockchain technology is that it can help to reduce fraudulent activities
- Blockchain technology also has the potential to provide new opportunities for businesses and individuals