Monday, June 7, 2021

Blockchain Technology 101: What You Need To Know

Blockchain technology has gained massive attention around the globe for over a decade. Since the technology was coined in 2009, researchers have now shifted their focus to exploring the insights of this technology. Satoshi Nakamoto, the anonymous founder of Bitcoin, introduced the concept of cryptocurrency. Decentralized systems form the backbone of digital currencies, and the technology behind the currencies is blockchain. Since blockchain seems complicated to many, what is it? Is it really safe? How does it work? Does it come with any benefits? Well, these are some of the questions we seek to answer in this article.

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