You’ve probably heard of Bitcoin, the popular cryptocurrency that has become a household name in just a few years. And while you may be aware of Bitcoin, are you aware of the underlying technology that supports it?
This technology is called the blockchain. Think of the blockchain as a digitally-operated ledger system. It records and tracks transactions across all connected computers (or nodes) in a public database.
Blockchain works by using cryptography to create immutable blocks of data. The primary information stored in the blockchain includes the history of transactions made by other users connected to the network—in other words, it stores and records Bitcoin transactions.
Learning about the blockchain can help you understand the revolutionary potential of Bitcoin’s financial system and cryptocurrency at large. And with its widespread adoption, knowing the inherent mechanisms behind this technology can give any modern-day investor an advantage in growing their inv
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