Tech Glossary
What is Blockchain?
Blockchain is a technology used to create a digital, decentralized and secure database. This is done by creating a network of databases that are connected to each other and each of which contains a copy of the entire database. This enables all users of the network to see and verify all information in the database. Blockchain is a very secure technology because it is difficult to change the information in the database without all users in the network being aware of it. Blockchain is a technology similar to other technologies used to create and manage digital databases, such as encrypted databases. However, blockchain is unique because it is a decentralized network, meaning there is no central authority controlling the network. This makes blockchain much more secure than traditional databases, as it is difficult for an attacker to gain control over the entire network.