Frequently Asked Questions

Blockchain is basically like a digital ledger, shared, instantly updated, record of transactions. It records transactions in a secure way, meaning that each transaction is a lot harder to tamper with or hack, because blockchain is decentralized. Instead of being saved in one location, the information is spread throughout a computer network. Each transaction is made and linked together into a structure called a “block”. Each block is linked into a chain, hence the term “blockchain”.