What Is a Blockchain? | Ronak Malani
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Ronak Malani
Sept 11, 2022
What Is a Blockchain?
- A blockchain collects information together in groups, known as blocks, that hold sets of information. Blocks have certain storage capacities and, when filled, are closed and linked to the previously filled block, forming a chain of data known as the blockchain.
- Blockchain is a type of shared database that differs from a typical database in the way that it stores information; blockchains store data in blocks that are then linked together via cryptography.
- Blockchains are best known for their cryptocurrencies such as Bitcoin, Safemoon, USDT.
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