What is Blockchain? — When you hear the word “block

What is Blockchain?

When you hear the word “block chain”, what is the first thing that comes to your mind?

Definitely cryptocurrency!

Have you ever wondered what a blockchain is, what exactly it does and how it originated?

The Blockchain website was founded in 2011 by Benjamin Reeves, Nicolas Cary, Peter Smith

Blockchain is a set of data that is stored in blocks and each block is connected to the previous block, forming a chain-like structure. With Blockchain technology you can only add new blocks to the Blockchain and you cannot modify or delete any block after adding it to the Blockchain.

It is a website specialized in cryptocurrencies and their exchange, and provides charts, statistics and information about the Bitcoin market. In 2013, the site grew and became the most famous, as more than 28 million cryptocurrency wallets were created through which more than 200 billion dollars of encrypted currencies were dealt with.

It is the technology responsible for developing most cryptocurrencies and virtual currencies, a series of indestructible digital data that can be programmed to record economic transactions, and everything that has value.
This technology is mainly used in financial transactions, in addition to creating virtual currencies such as Bitcoin.

What is Blockchain? — When you hear the word “block

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