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What is Blockchain?

A basic description of the technology that underlines most cryptocurrencies.

Kriptomat Support Team avatar
Written by Kriptomat Support Team
Updated over a week ago

The blockchain itself is not a digital currency and is not just a different word for Bitcoin. Blockchain is a technology that forms the backbone of the most popular cryptocurrency.
Most databases are stored on central servers (each bank has its own register, the real estate authorities have their own register, etc.), whereas the entire blockchain as a database remains stored and updated on a large number of synchronized computers all over the world. This provides significant transparency, security, and efficiency.


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