Blockchain technology can be hard to
Blockchain is the technology that underlies bitcoin — the cryptocurrency — but it is not synonymous with bitcoin.
At its core, blockchain is a ledger of transactions similar to a database. Everyone in the financial industry is familiar with ledgers. This is just a more high-tech kind of ledger.
A blockchain ledger is a distributed ledger, meaning no one party has control over (and therefore the ability to manipulate) the ledger. Blockchain technology is open source and decentralized. All transactions are locked in, and the “blocks” are essentially immutable.
