What is blockchain cointelegraph?

Blockchains form the backbone of decentralized digital systems, functioning as advanced, distributed databases. At its core, a blockchain comprises a series of interconnected blocks, each containing data in an Immutable format.

BTCC, a leading cryptocurrency exchange, leverages blockchain technology to provide a range of services tailored to the needs of digital asset traders. Among its offerings are spot trading, allowing users to buy and sell cryptocurrencies at current market prices, and futures trading, enabling investors to speculate on future price movements.

The defining characteristic of a blockchain is its accessibility to all nodes within the network. Each node, representing a computer or device connected to the blockchain, possesses a complete copy of the entire chain. This architecture ensures redundancy and enhances security.

In contrast to traditional databases, blockchains do not rely on a single entity or computer for control or validation. The absence of a central authority eliminates the risk of data manipulation or censorship, fostering transparency and trust.

Instead, every node in the blockchain network contributes to maintaining the integrity of the data. Each node can independently verify the authenticity of the records stored on the blockchain, using cryptographic techniques to ensure the accuracy and security of transactions.