Blockchain technology makes transactions fast and easy, and it can do more than just support Bitcoin. Blockchain is already transforming payments, and you may see more mainstream banking services that rely on blockchain soon.
What Is Blockchain?
Blockchain is a technology that facilitates trust between trading partners. If you’re familiar with Bitcoin, blockchain is the underlying technology that makes it possible to transfer currency and have confidence that transactions are successfully completed. But banking and other industries are using blockchain (with or without Bitcoin) in a variety of ways.
A blockchain is a secure “ledger” or a list of transactions. The benefits of blockchain come from two key features: