Blockchains have been getting a lot of attention in recent years, with many people claiming that they have the potential to revolutionize the way we store and transfer data. But what exactly are blockchains, and what are they good for? In this article, we’ll explore the basics of blockchains and their potential applications.
What is a Blockchain? A blockchain is a decentralized, digital ledger that is used to record transactions. It is called a “blockchain” because each transaction is recorded in a block, which is then linked to the previous block, creating a chain of blocks.