{"id":4888,"date":"2021-05-30T23:04:03","date_gmt":"2021-05-30T23:04:03","guid":{"rendered":"https:\/\/3.26.50.104\/?page_id=4888"},"modified":"2021-08-04T05:52:38","modified_gmt":"2021-08-04T05:52:38","slug":"what-is-blockchain","status":"publish","type":"page","link":"http:\/\/3.26.50.104\/education\/what-is-blockchain\/","title":{"rendered":"What is Blockchain?"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"4888\" class=\"elementor elementor-4888\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a0ced3d elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"a0ced3d\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-276bd67\" data-id=\"276bd67\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-0376a58 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0376a58\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-fa216a3\" data-id=\"fa216a3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-371af6d elementor-widget elementor-widget-html\" data-id=\"371af6d\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<a style=\"color: #FFFFFF; \" href=\"javascript:history.go(-1)\" onMouseOver=\"self.status.referrer;return true\">\u2190 Back<\/a>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-192342b elementor-widget elementor-widget-heading\" data-id=\"192342b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What is Blockchain?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-39a7959\" data-id=\"39a7959\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5ea62a7 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"5ea62a7\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"92\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual.png\" class=\"attachment-full size-full\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual.png 360w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual-300x77.png 300w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c7dc3cf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c7dc3cf\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-02b6ead\" data-id=\"02b6ead\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-93cafb4 elementor-widget elementor-widget-heading\" data-id=\"93cafb4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">Definition<\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e3f8ff5 elementor-widget elementor-widget-text-editor\" data-id=\"e3f8ff5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span class=\"TextRun SCXW110676940 BCX0\" lang=\"EN-AU\" xml:lang=\"EN-AU\" data-contrast=\"auto\"><span class=\"NormalTextRun SCXW110676940 BCX0\">A\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">Blockchain\u202fis a digital\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">database<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">that offers\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">a\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">secure\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">way\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">of\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">storing<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">\u00a0&amp; sending<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">money<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">,\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">data\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">&amp;\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">virtually anything of value<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">,<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">without the need\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">for a third party\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">like\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">a\u00a0<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">bank<\/span><span class=\"NormalTextRun SCXW110676940 BCX0\">.\u00a0<\/span><\/span><span class=\"EOP SCXW110676940 BCX0\" data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:276}\">\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ac5dc5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ac5dc5\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6e09303 before-icon-bi\" data-id=\"6e09303\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f977fd4 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"f977fd4\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"66\" height=\"109\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/05\/location.png\" class=\"attachment-large size-large\" alt=\"\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5bf332b elementor-widget__width-auto elementor-widget-mobile__width-auto elementor-widget elementor-widget-heading\" data-id=\"5bf332b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Understanding Blockchain<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d87b44 elementor-widget elementor-widget-text-editor\" data-id=\"3d87b44\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span data-contrast=\"auto\">Blockchain\u00a0is the technology behind <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-cryptocurrency\" target=\"_blank\" rel=\"noopener\">cryptocurrency<\/a> which\u00a0offers\u00a0us\u00a0a\u00a0<\/span><b><span data-contrast=\"auto\">safe &amp; trustworthy<\/span><\/b><span data-contrast=\"auto\">\u00a0way to\u00a0do\u00a0business with\u00a0complete strangers, <b>without the need<\/b> for a\u00a0trusted\u00a0third party like a bank\u00a0or\u00a0real estate agent.\u00a0<\/span><span data-ccp-props=\"{\">\u00a0<\/span><\/p><p><span data-contrast=\"auto\">At its core,\u00a0a Blockchain\u00a0is\u00a0a\u00a0<\/span><b><span data-contrast=\"auto\">highly secure\u00a0digital\u00a0record<\/span><\/b><span data-contrast=\"auto\">\u00a0that\u00a0can\u00a0store\u00a0financial transactions, balances\u00a0and\u00a0virtually\u00a0anything\u00a0that can be digitised<\/span><b><span data-contrast=\"auto\">\u00a0<\/span><\/b><span data-contrast=\"auto\">(land titles,\u00a0ID,\u00a0bank balances,\u00a0medical records,\u00a0insurance policies, etc.)\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-eee82c2 elementor-widget elementor-widget-heading\" data-id=\"eee82c2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Why 'Blockchain'?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba80bc8 elementor-widget elementor-widget-text-editor\" data-id=\"ba80bc8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>The name \u2018Blockchain\u2019 comes from its structure, in which transactions are grouped into \u2018blocks\u2019 and are then timestamped and linked together in a <strong>transparent<\/strong> &amp; <strong>unalterable<\/strong> chain.<\/p><p>All records stored on a Blockchain are <strong>public<\/strong>, <strong>irreversible<\/strong> &amp; distributed across <strong>a global network of computers<\/strong>, unlike banks who keep their record of transactions &amp; balances in one centralised location that only they have access to.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8d5339 elementor-widget elementor-widget-heading\" data-id=\"a8d5339\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What makes Blockchain so special? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa2df6c elementor-widget elementor-widget-text-editor\" data-id=\"aa2df6c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>In the past, whenever a serious exchange of value needed to occur (buying a house, sending money internationally, claiming an insurance policy), we would need to bring in a <strong>trusted third party<\/strong> (real estate agent, bank, insurance company, etc.) to oversee the process. And we would pay them for their service.<\/p><p>Blockchain allows you to safely trust &amp; do business with complete strangers because <strong>trust is inbuilt into the network<\/strong>. For the first time in history, people who have never met before can <strong>safely<\/strong> exchange and transact virtually anything of value <strong>directly<\/strong> with one another (peer-to-peer).<\/p><p>Blockchain has many applications <strong>beyond finance &amp; cryptocurrency<\/strong>, including:<\/p><ul><li>Online voting<\/li><li>Supply chain management<\/li><li>Digital Identification<\/li><li>Food safety<\/li><li>Music &amp; video streaming<\/li><li>Corporate Social Responsibility<\/li><li>Medical record-keeping<\/li><li>Tax regulation &amp; much more<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8bd2ba3 elementor-widget elementor-widget-heading\" data-id=\"8bd2ba3\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Who controls\/owns a Blockchain?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f4c6564 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"f4c6564\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Blockchains (& the cryptocurrencies they power) are completely <b>decentralised,<\/b> meaning no single person, company or government owns or controls them.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Instead, Blockchains are maintained and kept secure by <b>cryptography<\/b> and the <span style=\"font-weight: 700;\">collective computing power<\/span> of everyone participating in the network around the world. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Blockchains use wallet addresses (a long string of numbers &amp; letters) instead of people\u2019s names, so while it is a public ledger, <b>privacy is not compromised<\/b>. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ef4ff8 elementor-widget elementor-widget-heading\" data-id=\"7ef4ff8\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Benefits of Blockchain compared to the traditional banking system <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6122c48 elementor-widget elementor-widget-text-editor\" data-id=\"6122c48\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ul type=\"disc\"><li style=\"line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext;\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext;\">Improved efficiency &amp; transaction speed<\/span><\/span><p>\u00a0<\/p><\/li><li style=\"line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext;\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext;\">Better traceability and security (no single point of failure)<\/span><\/span><p>\u00a0<\/p><\/li><li style=\"line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext;\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext;\">Reduced costs and no bank fees<\/span><\/span><p>\u00a0<\/p><\/li><li style=\"line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext;\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext;\">Records are public, transparent and continually verified &amp; reconciled<\/span><\/span><p>\u00a0<\/p><\/li><li style=\"line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext;\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext;\">Increased accountability and less fraud &amp; corruption<\/span><\/span><p>\u00a0<\/p><\/li><li style=\"line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext;\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext;\">The removal of fee-charging third parties like banks<\/span><\/span><p>\u00a0<\/p><\/li><li style=\"line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext;\">A more efficient system with true privacy &amp; ownership over our assets &amp; information<br \/><\/span><p>\u00a0<\/p><\/li><li style=\"line-height: 115%; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"color: #000000;\">A secure way for the billions of people who do not have a bank account to send, store &amp; receive money<\/span><\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fa9713 elementor-widget elementor-widget-heading\" data-id=\"3fa9713\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Blockchain in action<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-729ad68 elementor-widget elementor-widget-text-editor\" data-id=\"729ad68\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>If you have ever sent money overseas, you know your payment generally needs to pass through a trusted third party (usually a bank).<\/p><p>This means the transaction will not be instantaneous, taking up to 3 days or longer. It also means the bank will slap you with a currency conversion cost or some other transaction fee \u2013 or both!<\/p><p>Blockchain technology does away with this clunky and unnecessarily expensive system, allowing you to send money <strong>directly<\/strong> to the <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-wallet\/\" target=\"_blank\" rel=\"noopener\">digital wallet<\/a> of any recipient with an internet connection in a fast and efficient way, without ever passing through a bank.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5292412 elementor-widget elementor-widget-text-editor\" data-id=\"5292412\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><strong>EXAMPLE<br \/><\/strong><\/p><p>Here\u2019s a simplified explanation of how sending money on the Blockchain works. \u00ad\u00ad<\/p><ol><li><i>Joe wants to send money to Amy. He sends the money along a Blockchain and the transaction is recorded online as a \u2018block\u2019.<br \/><br \/><\/i><\/li><li><i>The block is then broadcasted to computers, or \u2018nodes\u2019, across a Blockchain network (a global network of computers) who use cryptography to verify and collectively come to an agreement on whether the transaction is valid or not.<br \/><br \/><\/i><\/li><li><i>After the majority of the nodes in the network agree that the transaction is indeed valid, the block is timestamped and added to the chain, and the money is sent from Joe to Amy.<br \/><br \/><\/i><\/li><li><i>Everyone\u2019s version of the Blockchain is updated in real-time and the transaction is permanently recorded, showing how much everyone now has.<\/i><\/li><\/ol><p>For international money transfers, Blockchain is a faster, cheaper and a more efficient method as money transfers can be <strong>simultaneously verified on both ends<\/strong> and made <strong>directly <\/strong>from person to person. <br \/><strong><br \/><\/strong>As cryptocurrency &amp; data on a Blockchain does not exist in physical form, it is the <strong>unalterable record of transactions and balances<\/strong> that underlies a person\u2019s ownership of their assets. To learn about why the world needs cryptocurrency and Blockchain, click <a href=\"https:\/\/digitalsurge.com.au\/education\/why-the-world-needs-cryptocurency\" target=\"_blank\" rel=\"noopener\">here<\/a>.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-397911c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"397911c\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9d4616f\" data-id=\"9d4616f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-878107f elementor-widget elementor-widget-image\" data-id=\"878107f\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"237\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/Bitmap.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/Bitmap.png 680w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/Bitmap-300x105.png 300w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b4d4d6b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b4d4d6b\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fd03b55\" data-id=\"fd03b55\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-eac0b1b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"eac0b1b\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-bf16f1a\" data-id=\"bf16f1a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-632f9b7 elementor-widget elementor-widget-heading\" data-id=\"632f9b7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Key Takeaways\n\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-200c7a4 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"200c7a4\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Blockchain is a <b>technology<\/b> and Bitcoin & cryptocurrency are just one of its applications. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Blockchain allows you to safely trust &amp; do business with complete strangers because <b>trust is inbuilt into the system.<\/b><\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Blockchain is a <b>peer-to-peer<\/b> network that is not controlled or owned by any single entity or government, but rather by everyone participating in the network.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Cryptocurrency does not exist in physical form, so it is this <b>unalterable record<\/b> of <b>transactions and balances<\/b> that underlies a person\u2019s ownership of their crypto. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Blockchain is shorthand for a wide range of <b>distributed ledger technologies (DLTs<\/b>) that can be used to store, record &amp; track not just money but <b>virtually anything of value<\/b>.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f11d0e4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f11d0e4\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f8df688\" data-id=\"f8df688\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f06defe elementor-widget elementor-widget-image\" data-id=\"f06defe\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"360\" height=\"92\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual.png 360w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual-300x77.png 300w\" sizes=\"auto, (max-width: 360px) 100vw, 360px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-89a3d41 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"89a3d41\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e395af1\" data-id=\"e395af1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-01ebe6d elementor-widget elementor-widget-heading\" data-id=\"01ebe6d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Did this answer your question?\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0060d74 elementor-widget__width-auto likedislikebtncustom-mi elementor-widget elementor-widget-shortcode\" data-id=\"0060d74\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_4888\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-theme=\"custom\"  data-btn_size=\"31\"  data-icon_l=\"thmb7-u\"  data-icon_d=\"thmb7-d\"  data-icon_size=\"30\"  data-icon_l_c=\"#34c2e8\"  data-icon_l_c_v=\"#34c2e8\"  data-icon_d_c_v=\"#34c2e8\"  data-f_size=\"15\"  data-show_like_label=\"false\"  data-icon_like_show=\"false\"  data-counter_type=\"single_number\"  data-tooltip_enabled=\"false\"  data-white_label=\"true\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-is-blockchain\/\"  data-item_title=\"What is Blockchain?\"  data-item_date=\"2021-05-30T23:04:03+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3286361 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3286361\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-68377cc\" data-id=\"68377cc\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-64d21e7 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"64d21e7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ready to start trading the easy way ?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8cbdad0 elementor-align-center gradiant-btn-bi elementor-widget elementor-widget-button\" data-id=\"8cbdad0\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" class=\"elementor-button-link elementor-button elementor-size-md elementor-animation-shrink\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Sign up with Digital Surge<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-867698d elementor-widget elementor-widget-heading\" data-id=\"867698d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Simple. Safe. Stress-free<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-abd9e78 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"abd9e78\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a4c60c7\" data-id=\"a4c60c7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e2795dd elementor-widget elementor-widget-text-editor\" data-id=\"e2795dd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><a href=\"http:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">Digital Surge<\/a>\u00a0is the easiest way for Australians to\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">buy, sell &amp; store over 250+ cryptocurrencies<\/a>. With extremely low fees, a uniquely user-friendly interface and a customer-support team you can rely on, getting involved in crypto has never been easier.\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">Sign up<\/a>\u00a0today and enjoy safe, stress-free trading.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5bb2883 elementor-widget elementor-widget-text-editor\" data-id=\"5bb2883\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><i>Crypto-curious? The time you spend here will be the best investment you ever make.<\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-75af811 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"75af811\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-051d9ec\" data-id=\"051d9ec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fc5abc2 elementor-widget elementor-widget-heading\" data-id=\"fc5abc2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<p class=\"elementor-heading-title elementor-size-default\">Tell me more...<\/p>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d0a3397 elementor-widget elementor-widget-heading\" data-id=\"d0a3397\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-the-difference-between-bitcoin-and-blockchain\">What is the difference between Bitcoin and Blockchain?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f91fc39 elementor-widget elementor-widget-heading\" data-id=\"f91fc39\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-the-process-of-making-a-transaction-on-the-blockchain\">What is the process of making a transaction on the Blockchain?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ddccbd2 elementor-widget elementor-widget-heading\" data-id=\"ddccbd2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-are-transactions-recorded-on-the-blockchain\">How are transactions recorded on the Blockchain?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3973264 elementor-widget elementor-widget-heading\" data-id=\"3973264\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#why-is-blockchain-more-secure-than-other-datatbases\">Why is Blockchain more secure than other databases? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-716c09f elementor-widget elementor-widget-heading\" data-id=\"716c09f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-does-decentralised-actually-mean\">What does decentralised actually mean?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f4588c4 elementor-widget elementor-widget-heading\" data-id=\"f4588c4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-hashing\">What is hashing?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9eef855 elementor-widget elementor-widget-heading\" data-id=\"9eef855\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-do-hashing-functions-work-with-blockchains\">How do hashing functions make Blockchains so secure? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48f5d14 elementor-widget elementor-widget-heading\" data-id=\"48f5d14\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-mining-and-proof-of-work-pow\">What is mining and \u2018Proof of Work\u2019 (PoW)? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ea48a27 elementor-widget elementor-widget-heading\" data-id=\"ea48a27\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-proof-of-stake\">What is Proof of Stake (PoS)?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6dff989 elementor-widget elementor-widget-heading\" data-id=\"6dff989\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-does-staking-work\">How does staking work?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bf0d57b elementor-widget elementor-widget-heading\" data-id=\"bf0d57b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#why-is-Blockchain-and-decentralisation-so-important\">Why is Blockchain and decentralisation so important? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-563af90 elementor-widget elementor-widget-heading\" data-id=\"563af90\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-is-defi\">What is DeFi?<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0e4bab5 elementor-widget elementor-widget-heading\" data-id=\"0e4bab5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-will-blockchain-help-the-developing-world\">How will Blockchain help the developing world?\n\n\n\n\n\n\n<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9674377 elementor-widget elementor-widget-heading\" data-id=\"9674377\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-are-some-examples-of-blockchains-uses\">What are some examples of how Blockchain can be used in the world? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37af782 elementor-widget elementor-widget-heading\" data-id=\"37af782\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#how-can-google-docs-help-you-understand-blockchain\">How Google Docs can help you understand the Blockchain?\n\n\n\n\n\n\n\n\n\n<\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-349d336 elementor-widget elementor-widget-heading\" data-id=\"349d336\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\"><a href=\"#what-are-some-of-blockchains-issues-and-problems\">What are some of Blockchain\u2019s issues? <\/a><\/h6>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-71859d3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"71859d3\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2a71a75\" data-id=\"2a71a75\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5244f0b elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5244f0b\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8551f93 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8551f93\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d362f85\" data-id=\"d362f85\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ef9c109 elementor-widget elementor-widget-menu-anchor\" data-id=\"ef9c109\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-the-difference-between-bitcoin-and-blockchain\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f7d7410 elementor-widget elementor-widget-heading\" data-id=\"f7d7410\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is the difference between Bitcoin and Blockchain? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c8c53ec elementor-widget elementor-widget-text-editor\" data-id=\"c8c53ec\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Although Bitcoin and Blockchain work together and are often conflated with one another, they are actually two separate things.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-596e5c2 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"596e5c2\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Bitcoin <\/b>is a cryptocurrency, while <b>Blockchain <\/b>is a distributed database and the technology that powers Bitcoin. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Bitcoin relies on Blockchain technology, but Blockchain has many uses <b>beyond <\/b>Bitcoin &amp; crypto.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bcd8103 elementor-widget elementor-widget-text-editor\" data-id=\"bcd8103\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Bitcoin transfers money between users, while Blockchain can transfer and record <b>virtually anything of value<\/b>, including things like financial transactions, medical records, property ownership rights, electoral votes and much more.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b6262e6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b6262e6\" data-element_type=\"section\" id=\"content-1\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-60fa4dc\" data-id=\"60fa4dc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c2c293e elementor-widget elementor-widget-menu-anchor\" data-id=\"c2c293e\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-the-process-of-making-a-transaction-on-the-blockchain\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5ac06b elementor-widget elementor-widget-heading\" data-id=\"b5ac06b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is the process of making a transaction on the Blockchain?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48c59b4 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"48c59b4\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">First, you create a transaction which is then verified and collectively secured by cryptography and the computing power of everyone in the network. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">After your transaction is verified, it is recorded in a shared, public database which functions kind of like a <b>shared Google Doc<\/b>.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Instead of banks having a single private copy of all transactions and balances of who owns what, the Blockchain (like a Google Doc) acts as a shared database of this information that is visible to everyone and can be updated instantaneously and in real-time. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">This makes the process of international payments far cheaper and more efficient as bank transfers can be <b>simultaneously verified on both ends<\/b> and made <b>directly <\/b>from person to person, without a bank convoluting the process. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Additionally, as everyone in the network has their <b>own copy <\/b>of the record, the Blockchain system is incredibly hard to hack or tamper with as there is <b>no single point of failure<\/b> (like a bank). You would have to alter more than 50 percent of people\u2019s copy of the record for an attack to be successful. To this day, the Bitcoin network has <b>never <\/b>been hacked. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3912e3a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3912e3a\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-32140f9\" data-id=\"32140f9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-436ad89 elementor-widget elementor-widget-menu-anchor\" data-id=\"436ad89\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-are-transactions-recorded-on-the-blockchain\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4b03047 elementor-widget elementor-widget-heading\" data-id=\"4b03047\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">How are transactions recorded on a Blockchain?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16d3123 elementor-widget elementor-widget-text-editor\" data-id=\"16d3123\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<ol><li>A transaction is requested<\/li><li>A block representing that transaction is created<\/li><li>The block is sent to every participant or \u2018node\u2019 in the network<\/li><li>Nodes validate the transaction through mining (solving a mathematical puzzle)<\/li><li>Nodes receive a reward for validating the network (usually in the native crypto of that Blockchain)<\/li><li>The block is added to the existing Blockchain<\/li><li>The transaction is processed and updated across the entire network<\/li><\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bfa7fe1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bfa7fe1\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c5928ee\" data-id=\"c5928ee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-227be0b elementor-widget elementor-widget-menu-anchor\" data-id=\"227be0b\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"why-is-blockchain-more-secure-than-other-datatbases\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0a9787d elementor-widget elementor-widget-heading\" data-id=\"0a9787d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Why is Blockchain more secure than other databases? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-898bb34 elementor-widget elementor-widget-text-editor\" data-id=\"898bb34\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p class=\"MsoNormal\">Some of the reasons that a Blockchain is so secure when compared to other databases and ledgers include:\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-318cd61 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"318cd61\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Decentralisation<\/b> \u2013 No single person, government or entity owns the network. Blockchain is a completely decentralised, peer-to-peer network, meaning anyone is allowed to participate and it is impossible to hack like a traditional database. <\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Cryptographic hashing functions<\/b> \u2013 This allows each block to have a unique identifier that is extremely difficult to tamper with. (More on this later.)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>The Proof-of-Work (PoW) system<\/b> \u2013 A creative system that harnesses the collective interest of people in the network to keep the network secure, and that utilises \u2018mining\u2019 to limit the number of blocks that can be added to the chain (around 1 every 10 minutes for the Bitcoin network). (Keep in mind that one block can store many transactions.)<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\"><b>Public\/private key cryptography<\/b> \u2013 Each crypto wallet has a public and private key which are used to receive money and generate digital signatures for transactions, making it possible to authenticate ownership of the coins that are being sent.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ada0016 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ada0016\" data-element_type=\"section\" id=\"content-3\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0161c79\" data-id=\"0161c79\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8245223 elementor-widget elementor-widget-menu-anchor\" data-id=\"8245223\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-does-decentralised-actually-mean\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e8fedc elementor-widget elementor-widget-heading\" data-id=\"9e8fedc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What does \u2018decentralised\u2019 actually mean in terms of Blockchain? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-52083af elementor-widget elementor-widget-text-editor\" data-id=\"52083af\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Decentralised refers to a network or system run by the people, for the people.<\/p><p>In terms of the Blockchain, the system is <strong>spread over the entire network of users<\/strong>, making it almost impossible to hack or destroy.<\/p><p>No individual, entity or company has ownership of the network and there is <strong>no central point of control<\/strong>, meaning everyone can participate in real-time \u2013 like Wikipedia or a shared Google Doc.<\/p><p>In traditional centralised finance (CeFi), almost everything related to money is done through non-transparent central entities and intermediaries (e.g. banks and governments). While this has worked well enough up till now, decentralised systems offer a far more democratised and efficient way of storing data and doing business.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ab8dac elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7ab8dac\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a92f8c2\" data-id=\"a92f8c2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a486f7 elementor-widget elementor-widget-menu-anchor\" data-id=\"6a486f7\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-hashing\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-110341a elementor-widget elementor-widget-heading\" data-id=\"110341a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is hashing in a Blockchain?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9b54f5c elementor-widget elementor-widget-text-editor\" data-id=\"9b54f5c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Each transaction made on the Blockchain generates a hash, which is a unique string of numbers and letters that is based not only on the transaction but <strong>the previous transaction&#8217;s hash<\/strong>. This is crucial to the Blockchain\u2019s security.<\/p><p>Transactions are entered into the ledger in the order in which they occurred. Even the smallest alteration or change in a transaction creates a completely new and unique hash. For a transaction to be successfully verified, nodes in the network check to make sure a transaction has not been changed by inspecting the hash and checking it against the previous hash in the Blockchain.<\/p><p>(In order to fool the system, you would have to change all the hashes of all the previous blocks in the chain (which the <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-bitcoin-mining-proof-of-work\" target=\"_blank\" rel=\"noopener\"><strong>Proof-of-Work<\/strong><\/a> system makes very time consuming) as every hash depends on the hash of the block that came before it.<\/p><p>In over a decade of Bitcoin\u2019s Blockchain existing, this system has <strong>never<\/strong> been compromised. And as you might imagine, many have tried.\u00a0 <br \/><strong><br \/><\/strong>So, if the majority of nodes in the network sees that the hash matches up then the transaction is approved, written into a block and added to the chain, storing <strong>a permanent record of the transaction<\/strong> and how much crypto each party has.<\/p><p>Given that cryptocurrency does not exist in physical form, it is this unalterable record of who owns what and who has sent what that underlies people\u2019s ownership of their cryptocurrency.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ccdbc76 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ccdbc76\" data-element_type=\"section\" id=\"content-4\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e80480b\" data-id=\"e80480b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4c08739 elementor-widget elementor-widget-menu-anchor\" data-id=\"4c08739\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-do-you-buy-cryptocurrency\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc2a7b5 elementor-widget elementor-widget-heading\" data-id=\"cc2a7b5\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">How do hashing functions make Blockchains so secure? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-80bb864 elementor-widget elementor-widget-text-editor\" data-id=\"80bb864\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>If any changes are made to the information of a transaction, the hash automatically changes as well. Let\u2019s say a hacker wants to alter the Blockchain and steal some crypto. If they were to change their own single copy, it would no longer align with everyone else&#8217;s copy.<br \/><br \/>\u00a0When everyone else cross-references their copies against each other, they would see this one copy stand out and the altered version of the chain would be easily revealed as illegitimate.\u00a0<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a6b41f3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a6b41f3\" data-element_type=\"section\" id=\"content-5\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ebf1ee6\" data-id=\"ebf1ee6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a97fde elementor-widget elementor-widget-menu-anchor\" data-id=\"5a97fde\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-mining-and-proof-of-work-pow\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5fdf287 elementor-widget elementor-widget-heading\" data-id=\"5fdf287\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is mining and \u2018Proof of Work\u2019 (PoW)? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b8e250 elementor-widget elementor-widget-text-editor\" data-id=\"3b8e250\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p class=\"MsoNormal\" style=\"line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext; mso-fareast-language: EN-AU;\">In order for a block to be added to the chain, a complex mathematical puzzle needs to be solved and the \u2018<a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-bitcoin-mining-proof-of-work\" target=\"_blank\" rel=\"noopener\">Proof of Work<\/a>\u2019 needs to be verified by the network.<\/span><\/p><p class=\"MsoNormal\" style=\"line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"mso-fareast-font-family: 'Times New Roman'; mso-bidi-font-family: Calibri; mso-bidi-theme-font: minor-latin; color: black; mso-color-alt: windowtext; mso-fareast-language: EN-AU;\">Solving this puzzle and completing the Proof of Work takes around 10 minutes on the Bitcoin network. This is referred to as the process of \u2018<a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-bitcoin-mining-proof-of-work\" target=\"_blank\" rel=\"noopener\">mining<\/a>\u2019, where \u2018miners\u2019 are rewarded with cryptocurrency for helping verify transactions and keeping the network secure.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-72e7306 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"72e7306\" data-element_type=\"section\" id=\"content-6\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2cfcf2d\" data-id=\"2cfcf2d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-283c8ad elementor-widget elementor-widget-menu-anchor\" data-id=\"283c8ad\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-mining\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-288296b elementor-widget elementor-widget-heading\" data-id=\"288296b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is mining? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3fcd366 elementor-widget elementor-widget-text-editor\" data-id=\"3fcd366\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p class=\"MsoNormal\" style=\"line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"mso-fareast-font-family: 'Times New Roman'; color: black; mso-color-alt: windowtext; mso-fareast-language: EN-AU;\"><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-bitcoin-mining-proof-of-work\" target=\"_blank\" rel=\"noopener\">Miners<\/a> use powerful computers to compete against one another in the race to solve the puzzle and find the answer that will give them the privilege of adding the newest block to the chain. The first miner to solve the puzzle, broadcasts their answer to the other nodes who verify the <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-bitcoin-mining-proof-of-work\" target=\"_blank\" rel=\"noopener\">Proof of Work<\/a>, creating a consensus. The successful miner gets rewarded (in crypto) for their contribution to keeping the network secure. <\/span><\/p><p class=\"MsoNormal\" style=\"line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"mso-fareast-font-family: 'Times New Roman'; color: black; mso-color-alt: windowtext; mso-fareast-language: EN-AU;\">This system creates an <b>in-built trust<\/b> in the network and <b>incentivises users to keep the network secure<\/b>. This system also makes it computationally infeasible to attack the network, given how long it would take to do the Proof of Work for every single Block in the chain (which is required to tamper with just a single block). Pretty genius, right?\u00a0<\/span><\/p><p class=\"MsoNormal\" style=\"line-height: normal; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;\"><span style=\"color: black; font-size: inherit; text-align: inherit; background-color: var( --e-global-color-c530ec8 ); font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-transform: var(--textTransform);\">While the mining and PoW system is effective at allowing a shared ledger to be reliably and truthfully maintained among a huge number of people who don\u2019t know each other, it is, however, incredibly energy\/resource intensive and there is now a popular alternative called <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-proof-of-stake-pos\" target=\"_blank\" rel=\"noopener\">Proof of Stake (PoS)<\/a> that provides a similar function.\u00a0<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-41094a5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"41094a5\" data-element_type=\"section\" id=\"content-7\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e474428\" data-id=\"e474428\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-88aaa5e elementor-widget elementor-widget-menu-anchor\" data-id=\"88aaa5e\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-proof-of-stake\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ccb0433 elementor-widget elementor-widget-heading\" data-id=\"ccb0433\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is Proof of Stake (PoS)?\n\n\n\n\n\n\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2997466 elementor-widget elementor-widget-text-editor\" data-id=\"2997466\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-proof-of-stake-pos\" target=\"_blank\" rel=\"noopener\">Proof of Stake<\/a> is an alternative to Proof of Work and mining where users secure crypto networks through a process called \u2018<a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-staking\" target=\"_blank\" rel=\"noopener\">staking<\/a>.\u2019<\/p><p><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-staking\" target=\"_blank\" rel=\"noopener\">Staking<\/a> is a system where users are encouraged to participate in the network by \u2018staking\u2019 or \u2018locking up\u2019 a certain amount of cryptocurrency in the network and agreeing to validate legitimate transactions, earning a reward for their participation in the network (often in the form on interest on the cryptocurrency they have staked \u2013 similar to savings rates in a traditional bank).<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2422ed3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2422ed3\" data-element_type=\"section\" id=\"content-8\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1d4b3c4\" data-id=\"1d4b3c4\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-832bf0f elementor-widget elementor-widget-menu-anchor\" data-id=\"832bf0f\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-does-staking-work\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53a9663 elementor-widget elementor-widget-heading\" data-id=\"53a9663\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">How does staking work?  <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-185f7df elementor-widget elementor-widget-text-editor\" data-id=\"185f7df\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><span style=\"background-color: var( --e-global-color-c530ec8 ); color: var( --e-global-color-text ); font-size: inherit; font-style: var(--fontStyle, inherit); letter-spacing: var(--letterSpacing); text-align: inherit; text-transform: var(--textTransform);\">From the user\u2019s perspective, <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-staking\" target=\"_blank\" rel=\"noopener\">staking<\/a> is a way of being rewarded (through passive income) for participating in the network ecosystem and keeping it secure.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e5206b1 list-bg-bi elementor-icon-list--layout-traditional elementor-list-item-link-full_width elementor-widget elementor-widget-icon-list\" data-id=\"e5206b1\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Staking involves participants who lock up their coins and are then randomly selected at specific intervals to create a block \u2013 the more coins you stake the higher the chance you will be selected to create and validate the next block.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">The \u2018stake\u2019 is what incentivises validators to maintain network security. If they fail to do that, the network would be insecure, and their entire stake might be at risk.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Usually, there is a minimum amount needed to stake your crypto (or you can use a staking pool).<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Validators lose part of their stake if they double-sign or attempt to attack the network.<\/span>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f9930df elementor-widget elementor-widget-text-editor\" data-id=\"f9930df\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Staking is essentially a way of\u00a0<strong>generating income on your crypto investments<\/strong>\u00a0through being rewarded for participating in the Blockchain\u2019s ecosystem. While it serves the same function as mining (creating trust in the network, adding blocks to the chain and keeping all the transactions validated and secure), it requires a hell of a lot less computing power\/energy and minimal upfront costs when compared with <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-bitcoin-mining-proof-of-work\" target=\"_blank\" rel=\"noopener\">mining<\/a>.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a1dae7d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a1dae7d\" data-element_type=\"section\" id=\"content-9\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e0c15a2\" data-id=\"e0c15a2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1430194 elementor-widget elementor-widget-menu-anchor\" data-id=\"1430194\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"why-is-Blockchain-and-decentralisation-so-important\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-16caf08 elementor-widget elementor-widget-heading\" data-id=\"16caf08\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Why is Blockchain and decentralisation so important? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-53fc83d elementor-widget elementor-widget-text-editor\" data-id=\"53fc83d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Blockchain creates trust and security on a whole new level to anything we have seen before. Information stored on the Blockchain is accessible to all peers on the network, making data <strong>transparent and immutable.<\/strong><br \/><br \/>Going back to the housing bubble crash in 2008, it\u2019s easy to see how greed and the lack of transparency of institutions can have catastrophic consequences. This would never occur with a transparent, decentralised exchange like the Blockchain which has trust built into the system.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-834c880 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"834c880\" data-element_type=\"section\" id=\"content-10\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9e592cc\" data-id=\"9e592cc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a2e25ae elementor-widget elementor-widget-menu-anchor\" data-id=\"a2e25ae\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-is-defi\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15f49ac elementor-widget elementor-widget-heading\" data-id=\"15f49ac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What is DeFi? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-56e06f1 elementor-widget elementor-widget-text-editor\" data-id=\"56e06f1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>If you\u2019re learning about Blockchain, then you need to know about <a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-defi-decentralised-finance\" target=\"_blank\" rel=\"noopener\"><b>DeFi<\/b><\/a>.<\/p><p><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-defi-decentralised-finance\" target=\"_blank\" rel=\"noopener\"><strong>Decentralised finance<\/strong><\/a><strong> (<\/strong><strong>DeFi) <\/strong>is the notion that crypto entrepreneurs can <strong>recreate traditional financial services<\/strong> (insurance, loans, legal contracts, etc.) <strong>outside<\/strong> the control of banks, governments and companies, thus offering everyday people a huge number of advantages.<\/p><p><em>\u201cCentral banks are just people, and people make mistakes. Decentralised financial applications can make our financial systems more transparent, more resilient and less fragile,\u201d \u2013 Salil Deshpande<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7fdbe59 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7fdbe59\" data-element_type=\"section\" id=\"content-11\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-05f0b8e\" data-id=\"05f0b8e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9cb9da1 elementor-widget elementor-widget-menu-anchor\" data-id=\"9cb9da1\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-will-blockchain-help-the-developing-world\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-badcd6b elementor-widget elementor-widget-heading\" data-id=\"badcd6b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">How will Blockchain help the developing world?\n\n\n\n\n\n\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-63b06de elementor-widget elementor-widget-text-editor\" data-id=\"63b06de\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Considering there are literally <b>billions <\/b>of people in the world <b>without a bank account<\/b> (hard to imagine what that would actually be like, right?), Blockchain and cryptocurrency will be an incredibly empowering force for the developing world.<br \/><br \/>Some areas likely to see huge positive change include (but are not limited to):<\/p><ul><li>Efficient money transfers (without the greedy third party)<\/li><li>Land title proof<\/li><li>Safe place to store assets<\/li><li>Ability to earn interest without a bank account<\/li><li>More effective humanitarian aid<\/li><li>Better access to loans, capital and real estate investments<\/li><li>Micro loans and small business funding<\/li><li>Access to insurance and other financial services<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4f0583f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4f0583f\" data-element_type=\"section\" id=\"content-12\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-63104f5\" data-id=\"63104f5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5aefced elementor-widget elementor-widget-menu-anchor\" data-id=\"5aefced\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-are-some-examples-of-blockchains-uses\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d6afdc elementor-widget elementor-widget-heading\" data-id=\"1d6afdc\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What are some examples of how Blockchain can be used in the world? <\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-649cb99 elementor-widget elementor-widget-text-editor\" data-id=\"649cb99\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>There are a number of Blockchain-based projects that can help society beyond just finance.<\/p><ul><li><strong>Voting<\/strong><\/li><\/ul><p>Along with making the actual voting process easily accessible from your smart phone, the nature of Blockchain\u2019s immutability means that fraudulent voting would become far more difficult, making the system more secure and better protected from outside manipulation (as the ledger is not controlled by an entity and is completely transparent and unalterable). Counting votes would also take a lot less time and would allow us to see, in real time, what is happening as votes are cast.\u00a0<\/p><p>A simple example of how Blockchain and crypto can make this work is as follows: A citizen of a country is issued a single cryptocurrency or token. They would then be given a specific wallet address and directed to send their token or crypto to whichever candidate&#8217;s address they wish to vote for, thus creating a safe, simple, fair and trustworthy way to vote (especially when compared to the current system). \u00a0<\/p><ul><li><strong>Real estate &amp; property ownership<\/strong><\/li><\/ul><p>Blockchain technology removes the need for intermediaries in real estate, offering a more efficient and direct way for buyers and sellers to connect with one another. Along with transaction costs being greatly lowered, Blockchain technology also allows for fractional ownership of real estate, making the barrier to entry far more accessible.<\/p><p>Land titles and property ownership is another area that Blockchain could greatly improve. While Blockchain isn\u2019t going to replace the government anytime soon in regards to how land is registered and monitored, it will make the actual ownership and governance of land more secure and freer from corruption than ever before.<\/p><p>For many in the developing world, proving property ownership and land titles can be extremely difficult. By having a permanent, secure and highly accessible database to store land titles, the Blockchain will make this process a whole lot easier, empowering countless individuals across the globe in a very real way.<\/p><ul><li><strong>Food supply chain, safety &amp; provenance<\/strong><\/li><\/ul><p>Inefficiency in the food system is a pervasive global problem. This was made painfully apparent by the COVID-19 crisis, which put incredible stress on the global supply chain. On top of that, sustainability matters more than ever to the consumer of today and many only want to engage with companies that source their products in an ethical and environmentally responsible way<\/p><p>Tech giant, IBM, has embraced Blockchain technology and has created a <a href=\"https:\/\/www.ibm.com\/au-en\/blockchain\/solutions\/food-trust\">food trust<\/a> where harmful, \u2018business as usual\u2019 practices of dubious sourcing, manufacturing, distribution and recycling processes are being replaced by complete transparency, responsibility and accountability.<\/p><p><a href=\"https:\/\/www.ibm.com\/blockchain\/solutions?utm_medium=OSocial&amp;utm_source=Blog&amp;utm_content=000026VK&amp;utm_term=10005803&amp;utm_id=BlockpARTy-Sustainability-matters-In-Text&amp;cm_mmc=OSocial_Blog-_-Blockchain+and+Strategic+Alliances_Blockchain-_-WW_WW-_-BlockpARTy-Sustainability-matters-In-Text&amp;cm_mmca1=000026VK&amp;cm_mmca2=10005803\">Solutions<\/a>\u00a0built on the\u00a0<a href=\"https:\/\/www.ibm.com\/blockchain?utm_medium=OSocial&amp;utm_source=Blog&amp;utm_content=000020YK&amp;utm_term=10005803&amp;utm_id=BlockpARTy-Sustainability-matters-In-Text&amp;cm_mmc=OSocial_Blog-_-Blockchain+and+Strategic+Alliances_Blockchain-_-WW_WW-_-BlockpARTy-Sustainability-matters-In-Text&amp;cm_mmca1=000020YK&amp;cm_mmca2=10005803\">IBM Blockchain<\/a>\u00a0offer consumers the ability to follow the life of a product from its very beginning to end in a way that has never been done before. In terms of corporate social responsibility, the Blockchain is undoubtedly a massive step towards a trustworthy system that keeps corporations accountable for their actions.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e68bf20 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e68bf20\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-97fda07\" data-id=\"97fda07\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-951ebbc elementor-widget elementor-widget-menu-anchor\" data-id=\"951ebbc\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"how-can-google-docs-help-you-understand-blockchain\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-796ae01 elementor-widget elementor-widget-heading\" data-id=\"796ae01\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">How Google Docs can help you understand the Blockchain?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fd76082 elementor-widget elementor-widget-text-editor\" data-id=\"fd76082\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>This analogy filled <a href=\"https:\/\/www.coindesk.com\/understand-google-docs-can-understand-blockchain\">article<\/a> compares Google Docs and Microsoft Word to show the collaborative and collective benefits of the Blockchain over traditional databases and financial systems.<\/p><p>\u00a0<\/p><p>This is because Google Docs allows multiple people to share, view, edit and collaborate on a single shared document in real-time (like the Blockchain\u2019s shared public ledger). Microsoft Word on the other hand (like most databases in the world) only allows access and edits to be made by one person at a time, while everyone else is locked out (credit to <a href=\"https:\/\/www.coindesk.com\/understand-google-docs-can-understand-blockchain\">William Mougayar<\/a>, the author of The Business Blockchain who came up with this metaphor).<br \/><br \/>With Google Docs, both parties have <strong>access to the same document at the same time<\/strong>. There is only one version of the document that is always visible to both of them. Just like the ledger of a Blockchain.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b094e8c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b094e8c\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f7965cd\" data-id=\"f7965cd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ddae76b elementor-widget elementor-widget-menu-anchor\" data-id=\"ddae76b\" data-element_type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div id=\"what-are-some-of-blockchains-issues-and-problems\" class=\"elementor-menu-anchor\"><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65f9c44 elementor-widget elementor-widget-heading\" data-id=\"65f9c44\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">What are some of Blockchain\u2019s issues?<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c3b6b0a elementor-widget elementor-widget-text-editor\" data-id=\"c3b6b0a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>Blockchain is still in its early days and, like any new technology, it comes with its issues. Here are some of the issues that Blockchain developers are trying to resolve:<\/p><ul><li><b>Scalability <\/b>\u2013 Put simply, the more people or nodes joining the network, the slower the network becomes (though there are plenty of projects working to resolve the scalability problem)!<br \/><br \/><\/li><li><b>Immutability <\/b>\u2013 Both a blessing and a curse. While Blockchain offers an unalterable way to store data that is extremely hard to tamper with and not everyone wants their transactions and information set in stone.<br \/><br \/><\/li><li><b>Interoperability <\/b>\u2013 Different Blockchains work differently and try to solve the DLT (distributed ledger technology) problem in their own unique way, causing interoperability issues where these chains are not able to communicate effectively, or with certain traditional systems trying to integrate these Blockchains.<br \/><br \/><\/li><li><b>Energy consumption<\/b> \u2013 The Proof-of-Work consensus algorithm relies on \u2018mining\u2019 to do a lot of the network\u2019s heavy lifting, which can consume a lot of energy and electricity (which is where the Proof of Stake method comes in to save the day).<\/li><\/ul><ul><li><b>Users are their own bank<\/b> \u2013 Both a pro and a con. While individuals will have full control and ownership of their assets like never before, they will also gain the burden and responsibility of keeping their funds safe and secure. Usually this means being on top of safely storing the public\/private keys of your crypto wallet.<\/li><\/ul><p>While Blockchain definitely has its hurdles to overcome, the technology itself is only a decade old. Like any game-changing technology, it will take some time to iron out the kinks and mature into its full potential.<\/p><p>That being said, mainstream adoption is on the rise and it is hard to imagine a future where Blockchain does not play an integral role in the way we do business and interact as people.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3f871f2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3f871f2\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-49f4ccb\" data-id=\"49f4ccb\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ab78b92 elementor-widget elementor-widget-heading\" data-id=\"ab78b92\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Did this answer your question?\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d07b906 elementor-widget__width-auto likedislikebtncustom-mi elementor-widget elementor-widget-shortcode\" data-id=\"d07b906\" data-element_type=\"widget\" data-widget_type=\"shortcode.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-shortcode\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_4888\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-theme=\"custom\"  data-btn_size=\"31\"  data-icon_l=\"thmb7-u\"  data-icon_d=\"thmb7-d\"  data-icon_size=\"30\"  data-icon_l_c=\"#34c2e8\"  data-icon_l_c_v=\"#34c2e8\"  data-icon_d_c_v=\"#34c2e8\"  data-f_size=\"15\"  data-show_like_label=\"false\"  data-icon_like_show=\"false\"  data-counter_type=\"single_number\"  data-tooltip_enabled=\"false\"  data-white_label=\"true\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-is-blockchain\/\"  data-item_title=\"What is Blockchain?\"  data-item_date=\"2021-05-30T23:04:03+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f205a2e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f205a2e\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-44d529d\" data-id=\"44d529d\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-072b501 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"072b501\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Ready to start trading the easy way ?<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f50c8f6 elementor-align-center gradiant-btn-bi elementor-widget elementor-widget-button\" data-id=\"f50c8f6\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" class=\"elementor-button-link elementor-button elementor-size-md elementor-animation-shrink\" role=\"button\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Sign up with Digital Surge<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5d1e04 elementor-widget elementor-widget-heading\" data-id=\"d5d1e04\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Simple. Safe. Stress-free<\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ca2b4ab elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ca2b4ab\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9dac4ea\" data-id=\"9dac4ea\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-41d1322 elementor-widget elementor-widget-text-editor\" data-id=\"41d1322\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><a href=\"http:\/\/digitalsurge.com.au\/\" target=\"_blank\" rel=\"noopener\">Digital Surge<\/a>\u00a0is the easiest way for Australians to\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">buy, sell &amp; store over 250+ cryptocurrencies<\/a>. With extremely low fees, a uniquely user-friendly interface and a customer-support team you can rely on, getting involved in crypto has never been easier.\u00a0<a href=\"https:\/\/digitalsurge.com.au\/sign-up\" target=\"_blank\" rel=\"noopener\">Sign up<\/a>\u00a0today and enjoy safe, stress-free trading.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f9bdfa4 elementor-widget elementor-widget-text-editor\" data-id=\"f9bdfa4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p><i>Crypto-curious? The time you spend here will be the best investment you ever make.<\/i><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6b73a67 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6b73a67\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d1fc06b\" data-id=\"d1fc06b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9cd2b8e elementor-widget elementor-widget-heading\" data-id=\"9cd2b8e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h5 class=\"elementor-heading-title elementor-size-default\">Related articles\n\n\n\n\n\n\n\n\n\n\n\n\n\n<\/h5>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6e2d847 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6e2d847\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ae58a41\" data-id=\"ae58a41\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7acc649 elementor-widget elementor-widget-heading\" data-id=\"7acc649\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-cryptocurrency\" target=\"_blank\">What is cryptocurrency<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-bb72119\" data-id=\"bb72119\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6ae4dee elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"6ae4dee\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-cryptocurrency\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"252\" height=\"182\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/crypto_visual.png\" class=\"attachment-full size-full\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1ea1cff elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1ea1cff\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-cba0469\" data-id=\"cba0469\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b6432c1 elementor-widget elementor-widget-heading\" data-id=\"b6432c1\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-defi-decentralised-finance\">\nWhat is DeFi?\n<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-70a3b79\" data-id=\"70a3b79\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8f10aed elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"8f10aed\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-defi-decentralised-finance\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"262\" height=\"154\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/DeFI_visual.png\" class=\"attachment-large size-large\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d52e872 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d52e872\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a7e4719\" data-id=\"a7e4719\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2bf1a7a elementor-widget elementor-widget-heading\" data-id=\"2bf1a7a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-smart-contract\">What is a smart contract<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-13aad2d\" data-id=\"13aad2d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-b79d547 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"b79d547\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/what-is-a-smart-contract\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"228\" height=\"84\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/08\/smart_contract_visual.png\" class=\"attachment-full size-full\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-59df251 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"59df251\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-08c95f7\" data-id=\"08c95f7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d20ac10 elementor-widget elementor-widget-heading\" data-id=\"d20ac10\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/digitalsurge.com.au\/education\/why-the-world-needs-cryptocurency\" target=\"_blank\">Why the world needs cryptocurrency<\/a><\/h4>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-028d113\" data-id=\"028d113\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0afda49 elementor-widget__width-auto elementor-widget elementor-widget-image\" data-id=\"0afda49\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/digitalsurge.com.au\/education\/why-the-world-needs-cryptocurency\" target=\"_blank\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"306\" height=\"208\" src=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/world_visual.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/world_visual.png 306w, http:\/\/3.26.50.104\/education\/wp-content\/uploads\/2021\/07\/world_visual-300x204.png 300w\" sizes=\"auto, (max-width: 306px) 100vw, 306px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_4888\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-is-blockchain\/\"  data-item_title=\"What is Blockchain?\"  data-item_date=\"2021-05-30T23:04:03+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"excerpt":{"rendered":"<p>\u2190 Back What is Blockchain? Definition A\u00a0Blockchain\u202fis a digital\u00a0database\u00a0that offers\u00a0a\u00a0secure\u00a0way\u00a0of\u00a0storing\u00a0&amp; sending\u00a0money,\u00a0data\u00a0&amp;\u00a0virtually anything of value,\u00a0without the need\u00a0for a third party\u00a0like\u00a0a\u00a0bank.\u00a0\u00a0 Understanding Blockchain Blockchain\u00a0is the technology behind cryptocurrency which\u00a0offers\u00a0us\u00a0a\u00a0safe &amp; trustworthy\u00a0way to\u00a0do\u00a0business with\u00a0complete strangers, without the need for a\u00a0trusted\u00a0third party like a bank\u00a0or\u00a0real estate agent.\u00a0\u00a0 At its core,\u00a0a Blockchain\u00a0is\u00a0a\u00a0highly secure\u00a0digital\u00a0record\u00a0that\u00a0can\u00a0store\u00a0financial transactions, balances\u00a0and\u00a0virtually\u00a0anything\u00a0that can be digitised\u00a0(land titles,\u00a0ID,\u00a0bank balances,\u00a0medical records,\u00a0insurance policies, etc.)\u00a0 Why &#8216;Blockchain&#8217;? The name \u2018Blockchain\u2019 comes from its structure, in which transactions are grouped into \u2018blocks\u2019 and are then timestamped and linked together in a transparent &amp; unalterable chain. All records stored on a Blockchain are public, irreversible &amp; distributed across a\u2026<\/p>\n<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_4888\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-is-blockchain\/\"  data-item_title=\"What is Blockchain?\"  data-item_date=\"2021-05-30T23:04:03+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_header_footer","meta":{"footnotes":""},"class_list":["post-4888","page","type-page","status-publish","hentry"],"blocksy_meta":"","featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"post_excerpt_stackable":"<p>\u2190 Back What is Blockchain? Definition A\u00a0Blockchain\u202fis a digital\u00a0database\u00a0that offers\u00a0a\u00a0secure\u00a0way\u00a0of\u00a0storing\u00a0&amp; sending\u00a0money,\u00a0data\u00a0&amp;\u00a0virtually anything of value,\u00a0without the need\u00a0for a third party\u00a0like\u00a0a\u00a0bank.\u00a0\u00a0 Understanding Blockchain Blockchain\u00a0is the technology behind cryptocurrency which\u00a0offers\u00a0us\u00a0a\u00a0safe &amp; trustworthy\u00a0way to\u00a0do\u00a0business with\u00a0complete strangers, without the need for a\u00a0trusted\u00a0third party like a bank\u00a0or\u00a0real estate agent.\u00a0\u00a0At its core,\u00a0a Blockchain\u00a0is\u00a0a\u00a0highly secure\u00a0digital\u00a0record\u00a0that\u00a0can\u00a0store\u00a0financial transactions, balances\u00a0and\u00a0virtually\u00a0anything\u00a0that can be digitised\u00a0(land titles,\u00a0ID,\u00a0bank balances,\u00a0medical records,\u00a0insurance policies, etc.)\u00a0 Why &#8216;Blockchain&#8217;? The name \u2018Blockchain\u2019 comes from its structure, in which transactions are grouped into \u2018blocks\u2019 and are then timestamped and linked together in a transparent &amp; unalterable chain.All records stored on a Blockchain are public, irreversible &amp; distributed across a global network&hellip;<\/p>\n<div class=\"likebtn_container\" style=\"\"><!-- LikeBtn.com BEGIN --><span class=\"likebtn-wrapper\"  data-identifier=\"page_4888\"  data-site_id=\"604d0dec943ec9c02d34b5d2\"  data-style=\"\"  data-unlike_allowed=\"\"  data-show_copyright=\"\"  data-item_url=\"http:\/\/3.26.50.104\/education\/what-is-blockchain\/\"  data-item_title=\"What is Blockchain?\"  data-item_date=\"2021-05-30T23:04:03+10:00\"  data-engine=\"WordPress\"  data-plugin_v=\"2.6.36\"  data-prx=\"http:\/\/3.26.50.104\/education\/wp-admin\/admin-ajax.php?action=likebtn_prx\"  data-event_handler=\"likebtn_eh\" ><\/span><!-- LikeBtn.com END --><\/div>","category_list":"","author_info":{"name":"user","url":"http:\/\/3.26.50.104\/education\/author\/user\/"},"comments_num":"0 comments","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is Blockchain? - Crypto Simple<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/3.26.50.104\/education\/what-is-blockchain\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Blockchain? - Crypto Simple\" \/>\n<meta property=\"og:description\" content=\"\u2190 Back What is Blockchain? Definition A\u00a0Blockchain\u202fis a digital\u00a0database\u00a0that offers\u00a0a\u00a0secure\u00a0way\u00a0of\u00a0storing\u00a0&amp; sending\u00a0money,\u00a0data\u00a0&amp;\u00a0virtually anything of value,\u00a0without the need\u00a0for a third party\u00a0like\u00a0a\u00a0bank.\u00a0\u00a0 Understanding Blockchain Blockchain\u00a0is the technology behind cryptocurrency which\u00a0offers\u00a0us\u00a0a\u00a0safe &amp; trustworthy\u00a0way to\u00a0do\u00a0business with\u00a0complete strangers, without the need for a\u00a0trusted\u00a0third party like a bank\u00a0or\u00a0real estate agent.\u00a0\u00a0 At its core,\u00a0a Blockchain\u00a0is\u00a0a\u00a0highly secure\u00a0digital\u00a0record\u00a0that\u00a0can\u00a0store\u00a0financial transactions, balances\u00a0and\u00a0virtually\u00a0anything\u00a0that can be digitised\u00a0(land titles,\u00a0ID,\u00a0bank balances,\u00a0medical records,\u00a0insurance policies, etc.)\u00a0 Why &#8216;Blockchain&#8217;? The name \u2018Blockchain\u2019 comes from its structure, in which transactions are grouped into \u2018blocks\u2019 and are then timestamped and linked together in a transparent &amp; unalterable chain. All records stored on a Blockchain are public, irreversible &amp; distributed across a\u2026\" \/>\n<meta property=\"og:url\" content=\"http:\/\/3.26.50.104\/education\/what-is-blockchain\/\" \/>\n<meta property=\"og:site_name\" content=\"Crypto Simple\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/DigitalSurgeAU\" \/>\n<meta property=\"article:modified_time\" content=\"2021-08-04T05:52:38+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@digitalsurge_AU\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"19 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/what-is-blockchain\\\/\",\"url\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/what-is-blockchain\\\/\",\"name\":\"What is Blockchain? - Crypto Simple\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/what-is-blockchain\\\/#primaryimage\"},\"image\":{\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/what-is-blockchain\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/blockchain_visual.png\",\"datePublished\":\"2021-05-30T23:04:03+00:00\",\"dateModified\":\"2021-08-04T05:52:38+00:00\",\"breadcrumb\":{\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/what-is-blockchain\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"http:\\\/\\\/3.26.50.104\\\/education\\\/what-is-blockchain\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/what-is-blockchain\\\/#primaryimage\",\"url\":\"http:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/blockchain_visual.png\",\"contentUrl\":\"http:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/07\\\/blockchain_visual.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/what-is-blockchain\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What is Blockchain?\"}]},{\"@type\":\"WebSite\",\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#website\",\"url\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/\",\"name\":\"Digital Surge\",\"description\":\"Crypto Simple\",\"publisher\":{\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#organization\",\"name\":\"Digital Surge\",\"url\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Digital-Surge-Logo-Gradient.svg\",\"contentUrl\":\"https:\\\/\\\/digitalsurge.com.au\\\/education\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/Digital-Surge-Logo-Gradient.svg\",\"width\":1,\"height\":1,\"caption\":\"Digital Surge\"},\"image\":{\"@id\":\"http:\\\/\\\/3.26.50.104\\\/education\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/DigitalSurgeAU\",\"https:\\\/\\\/x.com\\\/digitalsurge_AU\",\"https:\\\/\\\/www.instagram.com\\\/digitalsurgeau\\\/\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What is Blockchain? - Crypto Simple","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"http:\/\/3.26.50.104\/education\/what-is-blockchain\/","og_locale":"en_US","og_type":"article","og_title":"What is Blockchain? - Crypto Simple","og_description":"\u2190 Back What is Blockchain? Definition A\u00a0Blockchain\u202fis a digital\u00a0database\u00a0that offers\u00a0a\u00a0secure\u00a0way\u00a0of\u00a0storing\u00a0&amp; sending\u00a0money,\u00a0data\u00a0&amp;\u00a0virtually anything of value,\u00a0without the need\u00a0for a third party\u00a0like\u00a0a\u00a0bank.\u00a0\u00a0 Understanding Blockchain Blockchain\u00a0is the technology behind cryptocurrency which\u00a0offers\u00a0us\u00a0a\u00a0safe &amp; trustworthy\u00a0way to\u00a0do\u00a0business with\u00a0complete strangers, without the need for a\u00a0trusted\u00a0third party like a bank\u00a0or\u00a0real estate agent.\u00a0\u00a0 At its core,\u00a0a Blockchain\u00a0is\u00a0a\u00a0highly secure\u00a0digital\u00a0record\u00a0that\u00a0can\u00a0store\u00a0financial transactions, balances\u00a0and\u00a0virtually\u00a0anything\u00a0that can be digitised\u00a0(land titles,\u00a0ID,\u00a0bank balances,\u00a0medical records,\u00a0insurance policies, etc.)\u00a0 Why &#8216;Blockchain&#8217;? The name \u2018Blockchain\u2019 comes from its structure, in which transactions are grouped into \u2018blocks\u2019 and are then timestamped and linked together in a transparent &amp; unalterable chain. All records stored on a Blockchain are public, irreversible &amp; distributed across a\u2026","og_url":"http:\/\/3.26.50.104\/education\/what-is-blockchain\/","og_site_name":"Crypto Simple","article_publisher":"https:\/\/www.facebook.com\/DigitalSurgeAU","article_modified_time":"2021-08-04T05:52:38+00:00","og_image":[{"url":"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual.png","type":"","width":"","height":""}],"twitter_card":"summary_large_image","twitter_site":"@digitalsurge_AU","twitter_misc":{"Est. reading time":"19 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"http:\/\/3.26.50.104\/education\/what-is-blockchain\/","url":"http:\/\/3.26.50.104\/education\/what-is-blockchain\/","name":"What is Blockchain? - Crypto Simple","isPartOf":{"@id":"http:\/\/3.26.50.104\/education\/#website"},"primaryImageOfPage":{"@id":"http:\/\/3.26.50.104\/education\/what-is-blockchain\/#primaryimage"},"image":{"@id":"http:\/\/3.26.50.104\/education\/what-is-blockchain\/#primaryimage"},"thumbnailUrl":"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual.png","datePublished":"2021-05-30T23:04:03+00:00","dateModified":"2021-08-04T05:52:38+00:00","breadcrumb":{"@id":"http:\/\/3.26.50.104\/education\/what-is-blockchain\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["http:\/\/3.26.50.104\/education\/what-is-blockchain\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/3.26.50.104\/education\/what-is-blockchain\/#primaryimage","url":"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual.png","contentUrl":"http:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/07\/blockchain_visual.png"},{"@type":"BreadcrumbList","@id":"http:\/\/3.26.50.104\/education\/what-is-blockchain\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"http:\/\/3.26.50.104\/education\/"},{"@type":"ListItem","position":2,"name":"What is Blockchain?"}]},{"@type":"WebSite","@id":"http:\/\/3.26.50.104\/education\/#website","url":"http:\/\/3.26.50.104\/education\/","name":"Digital Surge","description":"Crypto Simple","publisher":{"@id":"http:\/\/3.26.50.104\/education\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"http:\/\/3.26.50.104\/education\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"http:\/\/3.26.50.104\/education\/#organization","name":"Digital Surge","url":"http:\/\/3.26.50.104\/education\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"http:\/\/3.26.50.104\/education\/#\/schema\/logo\/image\/","url":"https:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/03\/Digital-Surge-Logo-Gradient.svg","contentUrl":"https:\/\/digitalsurge.com.au\/education\/wp-content\/uploads\/2021\/03\/Digital-Surge-Logo-Gradient.svg","width":1,"height":1,"caption":"Digital Surge"},"image":{"@id":"http:\/\/3.26.50.104\/education\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/DigitalSurgeAU","https:\/\/x.com\/digitalsurge_AU","https:\/\/www.instagram.com\/digitalsurgeau\/"]}]}},"_links":{"self":[{"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/pages\/4888","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/comments?post=4888"}],"version-history":[{"count":166,"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/pages\/4888\/revisions"}],"predecessor-version":[{"id":10179,"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/pages\/4888\/revisions\/10179"}],"wp:attachment":[{"href":"http:\/\/3.26.50.104\/education\/wp-json\/wp\/v2\/media?parent=4888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}