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A blockchain is a distributed database. The technology is used for a wide range of applications, from cryptocurrencies to real estate. The main difference between a traditional database and a blockchain is that the latter is decentralized.
This means that the administration of the database is not located in one place. Instead, access to the database is distributed among the users, who can verify the information on their own.
If you’re thinking about how the technology works, you’re not alone. Many people have trouble understanding how a decentralized database works. That’s why we’re here to help.
In this app, we’re going to explain everything you need to know about blockchain technology.
How does blockchain work?
When you use the blockchain, you’re using a peer-to-peer network. In other words, you’re connecting directly with other users. This means that you can download the app without having to go through the main network, which is located in a central location.
The main advantage of the blockchain is that the technology is decentralized.
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