Blockchain is an innovative technology that was inspired by the Bitcoin protocol algorithm. The innovation behind the cryptocurrency is to create a distributed database where you can store and record transactions, but still be able to verify the validity of these transactions. These new systems were designed to be decentralized and employ peer-to-peer networking technology which enables them to function without the need for centralized large organizations or bank involvement. it is a distributed ledger technology (DLT) that ensures transparency and security to network operation, while making sure that all transactions are accurate and verified.


Blockchain is the underlying technology for cryptocurrencies such as bitcoin. It is a type of distributed database that can maintain a continuously growing list of records, called blocks, which are linked and secured using cryptography.