The term blockchain is very common when talking about the crypto market. Both have some unique features that differentiate them.
To be precise, blockchain technology is something that plays an important role in crypto systems. It focuses on maintaining a secure and decentralized record of transactions.
Now, let's find out the definition of blockchain technology before exploring the different types of it and how they function:
What is blockchain technology?
It can be described as a shared and immutable database or ledger that is distributed among the nodes of a computer network. Functioning as a database, the information's electronically stored inside the blockchain in a digital structure.
Blockchain technology primarily focuses on facilitating the process of keeping records of transactions and tracking assets in a network. Notably, an asset could be both tangible and intangible.
For instance, any physical asset including vehicles, houses, cash, etc., comes under the tangible section, while digital assets like intellectual property, patents, etc., fall in the intangible segment.
Continue reading: https://kalkinemedia.com/us/news/cryptocurrency/what-is-blockchain-technology-and-what-are-the-types-of-it
To be precise, blockchain technology is something that plays an important role in crypto systems. It focuses on maintaining a secure and decentralized record of transactions.
Now, let's find out the definition of blockchain technology before exploring the different types of it and how they function:
What is blockchain technology?
It can be described as a shared and immutable database or ledger that is distributed among the nodes of a computer network. Functioning as a database, the information's electronically stored inside the blockchain in a digital structure.
Blockchain technology primarily focuses on facilitating the process of keeping records of transactions and tracking assets in a network. Notably, an asset could be both tangible and intangible.
For instance, any physical asset including vehicles, houses, cash, etc., comes under the tangible section, while digital assets like intellectual property, patents, etc., fall in the intangible segment.
Continue reading: https://kalkinemedia.com/us/news/cryptocurrency/what-is-blockchain-technology-and-what-are-the-types-of-it
