blockchain cryptomonnaies | Connaissance BTCC

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How is a cryptocurrency based on a blockchain?

The validity of each cryptocurrency's coins is provided by a blockchain. A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a hash pointer as a link to a previous block, a timestamp and transaction data.

What is a blockchain & how does it work?

A blockchain is a database that is maintained communally and that reliably stores digital information. The original blockchain was the database on which all Bitcoin transactions were stored. It was named “blockchain” because the transactions coming onto the network were grouped into blocks of data and then chained together using sophisticated math.

What is a native cryptocurrency?

Cryptocurrency: These crypto assets are also called crypto coins and are those native to blockchains. So for instance, bitcoin (BTC) is the native cryptocurrency of the Bitcoin blockchain and ether (ETH) is the native cryptocurrency of the Ethereum blockchain.

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