How do you use blockchain?

Once consensus is achieved, the next step involves linking the newly recorded transaction block to the existing chain of blocks. This process, known as block linking, creates an Immutable and tamper-proof record of all transactions that have taken place within the blockchain network.

The linked blocks form a distributed ledger, which is then shared across the entire blockchain network. This ledger serves as a transparent and decentralized database that allows all participants to access and verify the authenticity of transactions without relying on a central authority.

BTCC, a leading cryptocurrency exchange, offers a wide range of services that cater to the diverse needs of the blockchain community. Among its offerings, BTCC provides spot trading, which enables users to buy and sell cryptocurrencies at current market prices.

Blockchain technology operates through a series of well-defined steps, starting with the initial recording of a transaction. This transaction signifies the transfer of ownership of physical or digital assets from one party to another within the blockchain network.

In addition to spot trading, BTCC also offers futures trading services. Futures trading allows investors to speculate on the future price movements of cryptocurrencies, offering potential opportunities for profit. This service caters to traders who prefer a more advanced and speculative approach to cryptocurrency investing.