Blockchain is a new computer technology that combines the application of distributed data storage, point-to-point transmission, encryption algorithm and other advanced technologies, providing a high level of security. It is considered a good way of protecting privacy. The first blockchain was conceptualized in 2008. It was implemented the following year as a core component of the digital currency bitcoin, where it serves as the public ledger for all transactions on the network.
Related news: Regulators issue tighter rules on blockchain stocks