Blockchain is the underlying technology of Bitcoin, and Bitcoin was its very first application. All Bitcoin transactions are recorded on the blockchain.

If blockchain is compared to a physical ledger book, then each block will be a page of the ledger book. When a page (block) is full of new transaction data, it is added to the ledger (blockchain). These blocks are connected chronologically and added through cryptography, forming a chain-like structure.

Leave a Reply

Your email address will not be published.