What is Blockchain?

With cryptocurrency becoming a new financial norm, the topic of Blockchain is frequently thrown around in classrooms, business talk, and even everyday conversations. The prevalence of this matter demands an understanding of its attributes. So, what even is blockchain? What does it do? How is it used? In simple terms, Blockchain is a financial log that facilitates the process of keeping track of transactions and assets within a network. As crypto is traded and received through a virtual form of transactional interaction, it must be monitored in order to ensure that one asset has left the wallet on one party and entered another. This is what Blockchain does. It acts as a third party, monitoring online transactions of cryptocurrency without actually requiring the intervention of a third party. The network can do a variety of things including tack orders, payments, production, accounts, and transactional interactions. Blockchain’s advanced software system protects all parties by ensuring transparency and safety.?