Blockchain is perhaps the most popular word in the crypto world as it underlines the very nature and technology of the entire crypto verse. Blockchain, also known as Distributed Ledger Technology (DLT), provides an unalterable history of digital purchases making transparent transactions using a decentralized system.
It is a distributed database shared among a network of computer systems. It basically records information in blocks overseen by nodes of a network. The logic behind blockchain technology is to ensure the security and authenticity of stored data and elevate the trust levels between trading parties.