A blockchain is a distributed database that stores and distributes data to network nodes in digital form.
Consider these millennials: they are the industry’s top blockchain developers, and they visit the Zen space every day to test and debate all things Blockchain.
If you’re unfamiliar with blockchain, it’s a data storage system that divides data into blocks, each of which contains a set of data. When a block’s storage capacity is used up, it is closed and linked to the block before it, forming the blockchain, or data chain.
Financial institutions are only open during regular business hours, which are usually five days a week, but Blockchain transactions can be completed in as little as 10 minutes, regardless of holidays or the time of day or week. Thanks to blockchain, banks may now send payments between institutions more quickly and securely.
We at Portland Software Developers understand the importance of Blockchains in maintaining a secure and decentralized record of cryptocurrency transactions.