The goal of blockchain is to allow digital information to be recorded and distributed, but not edited.
If you have been following banking, investing, or cryptocurrency over the last ten years, you may be familiar with the term “blockchain,” the record-keeping technology behind bitcoin. In trying to learn more about blockchain, you’ve probably encountered a definition like this: “blockchain is a distributed, decentralized, public ledger.” The good news is, blockchain is actually easier to understand than that definition sounds.
Blocks on the blockchain store data about monetary transactions. But it turns out that blockchain is actually a pretty reliable way of storing data about other types of transactions, as well. Blockchain technology can be used to store data about property exchanges, stops in a supply chain, and even votes for a candidate.
In this article, learn what blockchain is, how it works, and how it can be used in the real world.
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