The Blockchain Explained In Under 60 Seconds

The Blockchain Explained The technology that supports digital money is known as blockchain. Digital information may be shared, but not duplicated, thanks to new technology. That implies that any piece of data may only be owned by one person at a time. It's more difficult to hack since there is no single point where all the information is stored. In order to make transactions safe, blockchain uses cryptography to create a decentralized database, or "digital ledger," of all transactions. Essentially, this network is a chain of computers that must all agree on a transaction before it can be authenticated and recorded Address owners hold the secret password (secret key) to an address, which records their ownership. Connect with us on twitter, facebook, discord, reddit, etc! --- @nfownership --- #blockchain #cryptocurrency #shorts Check our channel description for the disclaimer.