What is crypto ?

A cryptocurrency is a digital money that is decentralised and does not rely on a bank or central body to validate transactions. This means that no single central authority has complete control over a cryptocurrency network, making regulation and oversight impossible to implement. Any cryptocurrency is built on top of a specifically designed decentralised programme that uses blockchain technology to keep a public ledger that each node on the network copies. This approach gives the ledger the advantage of being tamper resistant, making the entire system impervious to alteration.

What is Blockchain Technology ?

It’s a collection of records that can continue to grow endlessly. To handle the movement of data between multiple nodes(also called as blocks), blockchain employs peer-to-peer networking.

“Blockchain” is a chain of blocks, as the name implies. Depending on the application’s design, the number of blocks can vary. A block is a programme instance, and numerous instances of the same programme can run on the same machine or on different machines. Different algorithms are used to find the address of a particular block in the entire chain. Each block has an address of a block preceding it, as well as the block succeeding it. Each block keeps the same data as the others, and whenever there is a legitimate addition of data on the network, it is distributed to all blocks, who update their copies of the ledger accordingly.