## Blockchain Essentials

With business leaders talking about this cryptocurrency and its huge potential for bettering business, Blockchain continues to be headline news. In cryptocurrency's case, blockchain is used as a decentralized system. Many people are still not familiar with the concept of blockchain and what makes blockchains so popular.

Blockchain seems complicated, and it definitely can be, but its core concept is really quite simple. A blockchain is a distributed ledger technology that enables a set of peers to work together to create a unified, decentralized network. Due to its decentralized nature, a blockchain removes the need for middlemen in many processes for fields such as payments and real estate. In comparison to traditional financial services, blockchain facilitates faster transactions by allowing P2P cross-border transfers with a digital currency. 

Blockchain technology enables the creation of unique digital assets that can be stored and transacted between individuals, which can be automatically scheduled and executed on a shared database that can be made publicly available to anyone. Most of the world of cryptocurrency technology such as Bitcoin relies on a database to be able to track large and safe transaction volumes. Blockchain technology is the backbone of cryptocurrencies.

As a digital asset on the Blockchain, cryptocurrency, also referred to as virtual currency or digital currency, is completely digital and does not have a physical form. You can send any amount of crypto to anyone in the world in real-time 24/7, just like sending an email to someone.

Before investing in cryptocurrency, read these articles to help you understand the technology behind cryptocurrency. We will take a deeper look at the use-case of Blockchain technology at Pintu Academy.

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Blockchain Essentials

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