The COVID-19 pandemic disrupted life as we knew it. We are still in the midst of finding our way to a new normal, but it is not clear how long that will take or what it will look like. Some things are becoming clearer, however, and one of those things is that blockchain technology and cryptocurrency are growing in popularity. For example, Bitcoin, a kind of cryptocurrency, is often in the headlines as its value goes up and down.
Just What Is Blockchain?
You don't need to know how the blockchain works to use it, but having a basic knowledge allows you to see why it's considered revolutionary. The blockchain is a digital ledger that can be programmed to record not only financial transactions, but also virtually everything of value.
Information on a blockchain exists as a shared and continually reconciled database. A blockchain database isn't stored in any single location—the records it keeps are public and easily verifiable. There's no centralized version for a hacker to corrupt, but it's accessible to anyone on the internet because it's hosted on millions of computers simultaneously.
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