Distributed Ledger vs Centralized Ledger

Why a Distributed Ledger Is More Secure Than a Centralized Ledger A distributed ledger has two key benefits compared to a traditional centralized ledger. Hacking If a centralized ledger is hacked, its contents could be…

How Is Data Added to a Blockchain?

How To Store Data On Bitcoin Blockchain Although anyone can add data to a blockchain, they cannot do it unchecked. Let’s take a step back. There are multiple copies of a blockchain (Blockchain explained in…

What Are Blocks?

A blockchain consists of blocks. Blocks are made up of digital information. They contain 3 things: Transaction information: The date, time, location, and amount of a transaction. Involved parties: Who sent the money and who…

Blockchain – Definition and Example

Blockchain Definition of Terms for Beginners What is Blockchain in a few words? Blockchain Definition Blockchain is a decentralized ledger that operates within the global network of computers or computing devices. The ledger is used…