Definitions
Blockchain is a technology that forms the backbone of the most popular cryptocurrency.
The blockchain itself is not a digital currency, nor is it a different word for Bitcoin.
Most databases are stored on central servers (each bank has its own registry, real estate authorities have their own registry, etc.), while blockchain as a database remains stored and updated on a large number of synchronized computers across the globe. everyone.
This provides significant transparency, security, and efficiency.
A blockchain is essentially a ledger of transactions and a public record of Bitcoin transactions in chronological order.
Unlike the ledgers kept by banks, they are public and distributed.
They are the underlying technology of all cryptocurrencies and allow users to transact with each other without the need for trusted third parties (like banks, PayPal, Western Union etc).