Cryptocurrencies like Bitcoin use blockchain to enable secure and decentralized transactions from "summary" of Blockchain Technology Explained by Alan T. Norman
Cryptocurrencies like Bitcoin have gained popularity in recent years due to their ability to facilitate secure and decentralized transactions. This is made possible through the use of blockchain technology. Blockchain is essentially a digital ledger that records transactions in a secure and transparent manner. Each transaction is grouped together in a "block," which is then added to a chain of other blocks, hence the name blockchain. The decentralized nature of blockchain means that there is no central authority controlling the network. Instead, transactions are verified by a network of computers, known as nodes, spread across the gl...
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