What Is Blockchain?
Blockchain technology is becoming more and more frequently used, and it will not be long before everyone has heard of this new technology. Essentially, a blockchain is a public ledger made up of all the transactions that have been made using cryptocurrencies, it is constantly growing as completed blocks are added to it in a linear and chronological order, making up the ‘chain’. Every node in the chain will get a copy of the blockchain, as it will be downloaded automatically upon joining the network. A ‘block’ is each transaction on the blockchain, including the current part which records the recent transaction. Once the transaction has been completed, it is put onto the blockchain which is being used as almost a permanent database, therefore there are countless numbers of blocks that can be added to the chain over time.