Cryptocurrency: What Is Blockchain?

NAVASU Investing in Cryptocurrency

Cryptocurrency:

What Is Blockchain?

At its core, a blockchain is essentially a database used for the secure storage of information.

Cryptocurrency: What Is Blockchain?

At its core, a blockchain is essentially a database used for the secure storage of in-

also beginning to disrupt multiple industries around the world.

The Block Structure

formation. Blockchains are decentralized,

The interlocking block structure is key to

distributed ledger systems best known as

the success of blockchain technology, as

the technology underpinning cryptocur-

it is this structure that keeps information

rencies. However, blockchain technology is

stored within the chain safe from hackers

and other online threats. Each block, once full to capacity, is added to the chain and strung together to create a timeline.

This timeline combines with encryption to ensure hackers cannot penetrate a single block within the chain without disrupting the entire chain, which makes any potential breach fast and easy to spot and contain.

Distributed Ledger Technology Blockchain is a form of distributed ledger technology, creating records of transactions that can never be altered. This allows for the recording and distributing of information but prevents it from being edited.

NAVASU You can learn more about cryptocurrency and how crypto wallets can be used to interact with blockchains by visiting the Navasu blog.