Blockchain is the technology by which bitcoin and other crypto-currencies operate. If it is understood in simple words, then it is a digital 'public ledger', in which every transaction is recorded. Using this technique, participants can confirm their transactions, while they will not need any central clearing authority.
Blockchain is the technology by which bitcoin and other crypto-currencies operate. If it is understood in simple words, then it is a digital 'public ledger', in which every transaction is recorded. Using this technique, participants can confirm their transactions, while they will not need any central clearing authority.