# Introduction to Blockchain Technology 101

By [Zenitsutrades](https://paragraph.com/@dayvee) · 2022-08-16

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Blockchain is a decentralized distributed network that utilizes a digital ledger to store transactions secured by encryption known as cryptography.

*   Ledger - Storing records.
    
*   Decentralized - No central authority.
    
*   Distributed -Everyone has a copy.
    
*   Cryptography - Encryption method to secure the blockchain.
    

### Features of blockchain?

*   Decentralization - Power, and authority lie in the hands of the users
    
*   Speed - Transactions are initiated at a faster interval (less than 10 seconds) when compared to the traditional finance system.
    
*   Immutability - Cannot be easily changed
    
*   Trustless system
    
*   Security
    

### Cryptocurrency

Cryptocurrencies are digital assets designed to work as a medium of exchange wherein inidivdual ownership is stored on the blockchain. Examples of these cryptocurrencies include Bitcoin, Ripple, Tether, Ethereum, Chainlink, etc.

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*Originally published on [Zenitsutrades](https://paragraph.com/@dayvee/introduction-to-blockchain-technology-101)*