Demystifying the 'blockchain' technology behind Bitcoin, other cryptocurrencies
Question: Can you give me a layman’s explanation of what exactly "blockchain" is?
Answer: With the hype surrounding cryptocurrencies continuing to grow, more people are hearing about the underlying technology known as blockchain.
At the core of blockchain technology is a publicly shared "immutable digital ledger" — meaning that it’s essentially a tamperproof record-keeping technology.
What are ledgers?Ledgers have been part of how humans trade since nearly the beginning of our species and continues to be how we record transactions.
Until blockchain, ledgers were... read more