Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

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What Is The Blockchain?

Written By Ivan on Tech

Apr 29, 2020

Blockchain is on the lips of everyone, from individuals to institutions these days. Analysts are calling the advent of blockchain (together with other cutting-edge technologies such as artificial intelligence, internet of things and virtual reality) the fourth industrial revolution. However, exactly what is blockchain? This article breaks it all down in a comprehensive “what is the blockchain 101” report.

 

Blockchain and cryptocurrencies 

Blockchain is perhaps most well-known as the technology that underpins Bitcoin and other cryptocurrencies. One should note that blockchain technology has wide-reaching applications that extend far beyond cryptocurrencies. However, the advent of Bitcoin and other cryptocurrencies did help blockchain technology gain more widespread exposure.

 

All of these different terms can be somewhat confusing, so we’re going to break it down. Cryptocurrencies are a type of medium of exchange, or means of payment. As such,...

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