What technology is behind cryptocurrency transactions? 🔊
The technology behind cryptocurrency transactions is blockchain. Blockchain is a decentralized, distributed ledger that records all transactions across a network of computers, ensuring transparency and security. Each transaction is grouped into a block and linked to previous blocks, forming a chain that is nearly impossible to alter, providing a reliable history of all activities. This technology not only underpins cryptocurrencies like Bitcoin but also has potential applications in various sectors, including finance, supply chain, and healthcare.
Equestions.com Team – Verified by subject-matter experts