WTF is Blockchain Technology?

Even though blockchain technology has been around for more than a  decade, people have only recently noticed it because of its potential  uses in various industries.

We will explain blockchain technology and discuss some of its applications. Time to blockchain!

At its most basic level, a blockchain is a type of shared database that differs from a typical database.

What Is Blockchain Technology, and What Does It Do?

It stores information; blockchains store data in blocks linked together  via cryptography. As new data comes in, it goes into a new block.

What Is Blockchain Technology, and What Does It Do?

Bitcoin is the first and most well-known blockchain innovation. It was a  proof-of-concept digital currency that launched in 2009.


Smart contracts are self-executing contracts with the terms of the  agreement between buyer and seller directly written into lines of code.

Smart Contracts

Proof of stake (PoS) is an algorithm that rewards users based on how many coins they hold.

Proof of Stake

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