Before someone jumps into how the technology related to blockchain works, it is crucial to understand the definition of the same. Before you burn your fingers into something, you must be aware of the substance bringing the sense of burning on your fingers, isn’t it?
The same is true for blockchain technology as well. Bitcoin, for an instance, is a growing experiment that participants all over the globe are still trying to figure out the protocols of!
Speaking of blockchain technology, one can consider the same as the public ledger of the transactions related to cryptocurrency. It is nothing but decentralized and digitized ledger of the transacted currencies.
Considering the recent times and transactions related to the same, blocks are growing constantly as completed blocks which are added in the order of chronology as well as recorded in the similar format. This format is really helpful for the participants invested in the market as they can keep a track record of the transaction in digital currency without keeping the central record.