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Blockchain Technology: Only Learn in 5 Minutes



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Q. What is Blockchain Technology?
A blockchain is a database. What exactly is this database? A database is a collection of information that is saved electronically on a computer system. In this database, information and data are organized in a table-like manner to facilitate searching and filtering for specific information.

A database differs from a spreadsheet in that the spreadsheet is meant for a single user, whereas the database may be used by any number of users at the same time. The goal of blockchain is to enable the recording and distribution of digital information. However, it is not editable. Stort Chabber and W. Scott Stornetta first revealed blockchain technology to the world in 1991. Blockchain technology found its real-world application only after the launch of the bitcoin cryptocurrency in 2009.



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Cryptocurrencies
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