Blockchain is the backbone of cryptocurrencies

Anyone who reads about cryptocurrencies and researches them will inevitably come across the word 'Blockchain' popping up somewhere. It is the backbone on which digital currencies are built."

What is blockchain technology?

Blockchain can be likened to a distributed digital ledger that records transactions across a network of computers in a way that makes them difficult to manipulate or forge, as it relies on the concept of decentralization, storing data across a vast network of nodes instead of centralizing data storage in a single server.

Each block in the blockchain contains a set of transactions that have been verified and confirmed, and once the block is full, it is time-stamped and linked to the previous block, forming a chain of blocks, hence the name "blockchain".

Advantages of blockchain technology:

We can summarize its features in the following points:

1- Security: It is one of the most important features that characterize blockchain, as the data is distributed and stored across many devices, so it is very difficult to hack it.

2) Transparency: It allows anyone with an internet connection to access the full record of transactions on the blockchain, which promotes trust and minimizes opportunities for corruption.

In conclusion, blockchain technology is considered a significant technological breakthrough, especially with the growing interest in this technology and cryptocurrencies