Blockchain Technology, What Is It? A Simply Explanation

Blockchain, in simple terms, is a digital ledger. Like a regular ledger, it contains a series of information. The uniqueness of the blockchain is that the information cannot be altered in any way and is shared among various users. It literally means a “chain of blocks,” but what is it exactly? This technology can be used to track transactions or smart contracts. In this video, we explain what it is in simple terms and how it works in practice, also telling you what it has to do with Bitcoin and cryptocurrencies.