Category: Technology

The technology (Blockchain) underlying the Bitcoin cryptocurrency has made it possible to create a decentralized database. It is a chain of sequentially recorded data with public access. Each network participant is a controller of the authenticity of the record. Due to the high degree of protection by cryptographic methods, the blockchain is almost impossible to hack. This has made it possible to use the technology in such areas as personal identification, bank transfers, smart contracts, cybersecurity, etc.