Listen, it is no magic or sorcery, they just happen to be updated with whatever is new but here is the thing, even for those who claim to understand it, blockchain is still a mysterious topic because we’re still very early in the development and widespread adoption of blockchain technology. However, we’re here to help, we got you.
In simple words all cryptocurrencies use blockchain technology to record transactions. For example, Bitcoin and Ether use their own blockchain network.
The difference between a bank network and the blockchain is that the blockchain is decentralized, the bank’s data are centralized in their private network. Decentralized means that nobody owns the blockchain, everyone with his PC can be a part of the blockchain,all the transactions (buy,sale,send and receive token ) are recorded and duplicated through all the network.
Among the advantages of the blockchain :
There are two different types of technologies of Blockchain , proof of work and proof of stack, this would be the subject of the next article .
Yes, that’s it.