Blockchain Explained: The Technology Behind Cryptocurrency

Davidrusel1816 Feb, 2024Business

The blockchain operates on a peer-to-peer network, where participants (nodes) validate and record transactions without the need for a central authority. Blockchain is the backbone of crypto information, providing a secure and transparent way to conduct transactions without the need for traditional financial intermediaries. Cryptocurrencies leverage blockchain technology to maintain a decentralized, secure, and tamper-proof ledger of transactions, enabling peer-to-peer digital currency exchanges across the globe.