Blockchain Technology is a data infrastructure that is currently the backbone of a new type of internet that attracts the internet business community. Blockchain is an encrypted and decentralized ledger that is programmed to record all financial and digital transactions that have value. This platform is used by Bitcoin, a decentralized, peer-to-peer system that has a digital currency known as cryptocurrency used to pay for goods and services. Bitcoin allows online users to process payments between parties through the exchange of Bitcoins that can be purchased with national money currencies or can be minted through mathematics, algorithms, and cryptography. The blockchain is used to record all of these online transactions.
Is Blockchain the New Backbone of the Internet?
