You may have heard the terms “blockchain” and “cryptocurrency” before, but what do they actually mean? In short, blockchain is a distributed database that allows for secure, transparent and tamper-proof transactions. Cryptocurrency is a digital or virtual currency that uses cryptography for security. While blockchain and cryptocurrency are often used interchangeably, they are two different things. In this blog post, we will explore the basics of both blockchain and cryptocurrency so that you can better understand how they work. Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Blockchain is the technology that underlies cryptocurrency transactions. A blockchain is a distributed database that maintains a record of all cryptocurrency transactions. It is constantly growing as "compl...
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