Source: Moonpay.com | Accessed April 2, 2025
Published on 1/11/2024
All your burning questions about blockchain technology. How does blockchain work and what problems does it solve? Find out in this easy guide.
By Milly Fox-Jones
Blockchain technology is used to validate and store information digitally on what’s known as a “distributed ledger”. Since it’s based on a peer-to-peer network, blockchain removes the need for a central authority–it’s a decentralized, self-organizing structure.
While most commonly associated with cryptocurrency, blockchain technology has a wide range of applications thanks to its security and efficiency.
This beginner’s guide to blockchain explains what the technology is, how it works, and ways that it can be put to use in areas other than cryptocurrency.