The blockchain is a distributed database and a public ledger that records all the bitcoin transactions. It is a decentralized ledger technology that records information securely across peer to peer network. Initially, blockchain was devised for cryptocurrency known as Bitcoin. However, its potential goes far beyond cryptocurrencies. As it is evident that Blockchain can be used to transfer any data. And, blockchain makes use of cryptography to keep the records secure. At its core, Blockchain is a chain of electronically linked blocks that cryptographically form an extensive database.
With the rise of many cryptocurrencies, Blockchain is making a huge impact in the world of exchange platforms development. Besides this, bitcoin exchanges refer to the websites that handle the trading of bitcoin to other cryptocurrencies like Litecoin. The blockchain is being considered to be the fastest growing digital technologies and digital evolutions for 2018 and beyond; it has a key role in the digital transformation of several processes and industries.
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