What is blockchain?
The most disruptive tech in decades. The distributed ledger technology, better known as blockchain, has the potential to eliminate huge amounts of record-keeping, save money and disrupt numerous industries in ways not seen since the internet arrived.
Is blockchain safe?
First and foremost, Blockchain is a public electronic ledger – like a relational database – that can be openly shared among disparate users. This creates an unchangeable record of their transactions, each one time-stamped and linked to the previous one—in a chain.
How do you protect yourself?
Each digital record or transaction in the thread is called a block (hence the name), and it allows either an open or controlled set of users to participate in the electronic ledger. Each block is linked to a specific participant.
Can you manipulate it?
Blockchain can only be updated by consensus between participants in the system, and when new data is entered, it can never be erased. The blockchain contains a true and verifiable record of individual transactions made since its inception.