What is a Blockchain? Blockchain is a distributed database shared amongst nodes in a computer network. Digital data is stored on a blockchain as a database. A cryptocurrency system, like Bitcoin, relies heavily on blockchains to keep track of transactions in a secure, decentralized manner. Blockchain technology provides fidelity and security for a record of data while generating trust without the need for an intermediary. A blockchain system makes it very difficult to hack or cheat the system by simultaneously distributing identical copies of a database throughout the entire network. What is the Difference Between Blockchain and Bitcoin? Many people confuse the two terms. Are you aware of the difference? Blockchain technology underpins Bitcoin, but Bitcoin is not the only distributed ledger system based on blockchain. There are several other cryptocurrencies with blockchain and distributed ledger technologies. It is essential to understand that Bitcoin is only using the blockchain t
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