Blockchain is the technology that underpins the cryptocurrency Bitcoin, but Bitcoin is not the only version of a blockchain distributed ledger system in the market. There are several other cryptocurrencies with their own blockchain and distributed ledger architectures. Meanwhile, the decentralisation of the technology has also led to several schisms or forks within the BitcoinContinue reading “What’s the difference between blockchain and Bitcoin?”
Category Archives: Blockchain
What is crypto-currency?
A cryptocurrency is an encrypted data string that denotes a unit of currency. It is monitored and organized by a peer-to-peer network called a blockchain, which also serves as a secure ledger of transactions, e.g., buying, selling, and transferring. Unlike physical money, cryptocurrencies are decentralized, which means they are not issued by governments or otherContinue reading “What is crypto-currency?”
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