What is Blockchain Technology?
“The #blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transactions but virtually everything of value.” – Don & Alex Tapscott, authors Blockchain Revolution (2016).
A blockchain is, in the simplest of terms, a time-stamped series of an immutable record of data that is managed by cluster of computers not owned by any single entity. Each of these blocks of data (i.e. block) are secured and bound to each other using cryptographic principles (i.e. chain).
The blockchain network has no central authority — it is the very definition of a democratized system. Since it is a shared and immutable ledger, the information in it is open for anyone and everyone to see. Hence, anything that is built on the blockchain is by its very nature transparent and everyone involved is accountable for their actions.
What is Cryptocurrency?
A #cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of #exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. #Cryptocurrencies use #decentralized control as opposed to centralized #digital #currency and central #banking systems.
The #decentralized control of each cryptocurrency works through distributed ledger #technology, typically a blockchain, that serves as a public #financial transaction database.
#Bitcoin, first released as open-source software in 2009, is generally considered the first decentralized cryptocurrency.
According to #CoinMarketCap, there are more than 2326 till date with a Total Market Cap: $266,514,898,695
Here is the list of TOP 10 coin listed on CoinMarketCap:
4. #Bitcoin Cash
6. #Binance Coin
9. #Bitcoin SV
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