Blockchain Technology

Blockchain technology is a rapidly expanding industry that underpins Bitcoin, one of the world’s most revolutionary financial concepts. As this data architecture grows, it may spread to transform how other sectors process and store data.
What is Blockchain?
A blockchain is a distributed public ledger of all transactions and items that are contained within a record. Every transaction is visible to all users in chronological order. It also allows access to any internet-connected device, making this technology accessible to billions of devices worldwide.
Bitcoin: A Digital Currency
The world’s most popular digital currency, Bitcoin, uses blockchain technology. Users execute financial transactions using anonymous accounts, with all transactions publicly recorded on the blockchain. To ensure validity and security of digital transactions, bitcoin pays “miners” a small sum to verify transactions.
Bitcoin users’ anonymity has presented problems to law enforcement. Bitcoin can be used as a pla