The Tech Writer: Marketing | Tech Blogs

Before discussing blockchain, you should be familiar with the concept of cryptocurrencies... In the past few years, we all heard about cryptocurrencies, especially after we witnessed the rise of Bitcoin. So, what is a cryptocurrency? Cryptocurrency a digital currency that was specifically designed to work as a secure medium of exchange, since it uses strong encryption techniques , thus ensuring secure financial transactions . Bitcoin, one such cryptocurrency, is regulated by a network of computers through encryption techniques. Although its production is independent of any bank or state, it’s the technology it uses that has increased trust in it. What about the Bitcoin transactions? How are we going to validate them? Enter Blockchain!! What is Blockchain? Blockchain first came into existence to keep a track of the bitcoin transactions. It is a highly restricted database whose entries are the bitcoin transactions. The blockchain operates as a digital ledger of transa...