In this post, I am going to discuss very short on blockchain technology and how this is linked with crypto system. Many people think that blockchain is similar term of crypto but it is different. How they are linked is discussed in this post.

Blockchain is like a online ledger. It store data of transactions in a safe and open way. Every single record inside it is a block. These blocks are linked up and form a chain. When someone makes a transaction, then one new block is made. That block gets joined with the chain. The info inside block are locked with cryptography. After it added, the data can’t be changed anymore. This make the system secure. Everyone in the network see same data. So, users trust each other’s more. This trust is very important in understanding the relation between this wonderful technology and cryptocurrency. They don’t need any middleman like banks. Money can be send and received directly. This feature helps in creation of crypto under this technology manily. Now blockchain is used many places. But it got famus because of cryptocurrency. Bitcoin was first to use it big. It was made in 2009. After that, more digital coins came using blockchain. It record all crypto trades. It stop people from using same coin twice. It also help to show how much coin someone owns. Each user get a wallet. That wallet link with blockchain. When money is moved, many computers check it. These computers called nodes. If most of them agree, the trade is added to the chain. This is called consensus. It keep everyone follow same rules. Blockchain give control back to people. No need for big authority. That’s why people start trust cryptos. This trust is the only relation between crypto and blockchain. I think, now its clear to all and you have got the idea. Thanks.

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