What are the pros and cons of blockchain?

Pros: Cons: Faster transactions and 24/7 access; Highly secure because it's a distributed ledger that creates multiple database copies across network; No third parties or intermediaries

What is blockchain technology, and how does it work?

How does blockchain technology work? Blockchain is a distributed, peer-to-peer transaction ledger. It is not owned or managed by a single central entity; rather, it is owned and governed by the individuals who use the network. The blockchain network leverages the nodes in the network to authenticate transactions.

What is blockchain technology and who is using it?

Investopedia describes blockchain technology as such: “Blockchain is a type of shared database that differs from a typical database in the way that it stores information; blockchains store data in blocks that are then linked together via cryptography.” Transmitting data over a blockchain is safe, secure, and effective.