# Introduction to Blockchain Technology 101

**Published by:** [Zenitsutrades](https://paragraph.com/@dayvee/)
**Published on:** 2022-08-16
**URL:** https://paragraph.com/@dayvee/introduction-to-blockchain-technology-101

## Content

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 usersSpeed - Transactions are initiated at a faster interval (less than 10 seconds) when compared to the traditional finance system.Immutability - Cannot be easily changedTrustless systemSecurityCryptocurrencyCryptocurrencies 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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