The Blockchain

The blockchain is a distributed database of records of transactions or digital activity shared and executed by participants in a specific system. In it, you find all the records of every transaction.

The blockchain is an incorruptible pre-programmed digital ledger that records transactions of value in the digital world.

Picture a digital database. Think of something familiar like an excel sheet. We share this database across many computers (we call them ‘Nodes’) and it is public. You can use as many nodes as you want to share the database.

As soon as anyone changes the database, it automatically updates and downloads to every computer (node) in the network. Not only is it hard to compromise this database with so many nodes, but they also encrypt it. Blockchain uses cryptography on a different level, making it almost impossible to hack.