Tamper-proof
When a record is added to the blockchain, it becomes immutable, creating a system of accountability. Transactions must be approved by the majority of computers in the network, meaning consensus is required for any alterations. If most computers disapprove of a change, it won't be implemented.
Completely Open
The blockchain records the most recent transactions within the network. When a user wants to transfer funds, they start a transaction and broadcast it across the system. Miners validate the transaction, bundle it with others into a block, and then share it. Once all verifiers approve, the transaction is added to the blockchain.
Exposing Wrongdoers
It’s a common misconception that Bitcoin guarantees complete anonymity. The blockchain’s transparency and public nature mean that all past transactions are visible. If you receive funds from someone involved in illegal activities, every transaction tied to your account can be traced.
Beyond Just Cryptocurrency
Blockchain is a highly secure, decentralized system for tracking digital transactions. Though best known for supporting Bitcoin, its benefits go far beyond cryptocurrencies. It reduces transaction costs and removes the need for middlemen.
We’re delivering the best experience
