Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: emmybd on December 14, 2020, 08:02:24 AM
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In simple words, blockchain is a digital record of transactions. Blockchains are used for recording transactions made with cryptocurrencies, such as bitcoin, and so on. A blockchain is like a spreadsheet which contains information about transactions. A blockchain spread over many computers, each of which has a copy of the blockchain.
Blockchain technology is very amazing and effective. This technology is so breathtaking that it's difficult to hack or cheat the system. It's an important digital technology. It's smart technology and it keeps the documents safe. This technology is based on peer-to-peer topology. This technology keeps every single information about transactions.
Blockchain technology is a pretty secure system. But we can't say that it's 100% safe. It has some defects too.
But overall it's a very fruitful technology and helpful for us.
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I wouldn't say your post was very helpful, this kind of information can be found in google. But it is still strange that nowadays there are still people who have not heard about blockchain technology or stuff like that. I think that in the future we will use these technologies more and more often, because progress does not stand still
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I have no idea about blockchain technology. But I don't know if what I know will be correct. All we do in cryptocurrency is blockchain. For example, Bitcoin is a blockchain technology coin.