Blockchain is not only a rapidly evolving technology but also a complex innovation that is now getting heavily integrated with different systems and being utilized extensively. It is used most primarily for cryptocurrency transactions.
If you have read the core functionalities of blockchain, you’ll see that it’s a system utilized to record data or information. Sounds quite simple? The way it records data is so robust and complicated that it is then extremely difficult to hack, change, or cheat the system. It’s important to understand the different terms in order to fully comprehend the technology.