Blockchain essentially maintains a public ledger of transactions through a chain of digital blocks. It’s a decentralized technology, which means that it’s not controlled by someone or an organization. There is no middleman as a result, making the technology significantly safer. Think about that when you visit a bank. Your bank’s technology is the only thing that maintains track of your money, therefore all transactions you do must effectively be approved by them. Even if you have the money, if they say you can’t conduct a transaction, that’s it. Blockchain, or digital currency, does, however, host a number of cryptocurrencies. The quantity of cryptocurrency you have is always accurate, and you can always trust that figure and the knowledge that if you transmit any to someone, it will go through since the blockchain is not managed by anyone; instead, it is a public ledger maintained on a network. While cryptocurrencies like Bitcoin and Ethereum can be created and stored using blockchain technology, there are other uses for it as well, notably in marketing.
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