Blockchain technology, cryptocurrencies and nfts – What is it and how did it all start?
Blockchain technology has brought with it a new world of possibilities, but where did it come from? First of all, we must understand that Blockchain and Bitcoin are different things.
Blockchain is a technology that consists of a network of computers (or nodes) distributed around the world, each of them possessing an exact copy of all transactions made, for this reason we say that it is transparent and unforgeable, also the data is encrypted, which offers more security.
Bitcoin is a blockchain with its own cryptocurrency and its main function, although it is better known as a financial asset with which it is speculated, is that of a digital means of payment to acquire products and services. Bitcoin is created thanks to a mathematical process called “mining”, in which miners lend their computers to solve complex calculations and in exchange receive Bitcoins, but its creation is limited and is set at 21 million (to date about 19 million have been mined), and every 4 years there is a “halving” that reduces by half the bitcoins mined per year.