The Ultimate Guide To Understanding Cryptocurrency
Transparency Blockchains are a distributed public or private ledger that store information. Data is stored in each block on the blockchain. In the case of Bitcoin, the data stored in the block is Bitcoin transfer transaction information such as the name of the sender and the number of coins transferred which are all stored and recorded on the blockchain public ledger. When transactions are made they are then recorded together and stored in blocks and when the blocks reach a certain…